Workflow
Crypto - asset regulation
icon
Search documents
MoonPay Joins “Dual License Club” After Securing NYDFS Limited Purpose Trust Charter
Yahoo Finance· 2025-11-25 17:21
Core Insights - MoonPay has received a Limited Purpose Trust charter from the New York State Department of Financial Services (NYDFS) to offer digital asset custody and over-the-counter trading, joining a select group of companies with both a BitLicense and this charter [1] - The new license enhances regulatory compliance for MoonPay's 30 million customers and nearly 500 client and partner companies, marking the firm as fully licensed in the US and regulated in the UK, EU, Canada, and Australia [2] Regulatory Compliance - Industry analysts have noted the significance of MoonPay's focus on state compliance, especially as many companies pursue national charters, highlighting the importance of robust compliance measures [3] - MoonPay has also pursued global compliance certifications in various regions, including securing an operational license for the Dutch market under the EU's Markets-in-Crypto-Assets (MiCA) regulation, effective December 2024 [3] Partnerships and Developments - MoonPay announced a partnership with Arkham Exchange to integrate fiat-to-crypto on and offramps, enhancing funding methods for the exchange's users [4] - The company also established partnerships with Zengo Pro and Haha Wallet, indicating a period of active collaboration and expansion [4]
CoinShares Asset Management Becomes First Continental European Regulated Asset Manager to Receive MiCA Authorisation
GlobeNewswire News Room· 2025-07-23 06:00
Core Insights - CoinShares has become the first major European asset manager to receive authorisation under the Markets in Crypto-Assets (MiCA) Regulation, marking a significant milestone for the company and the European digital asset industry [1][4] - This authorisation allows CoinShares to offer comprehensive investment services across all asset classes within the European Union, positioning it uniquely in the market [2][6] Regulatory Achievements - CoinShares is now the only asset management firm in continental Europe with a combination of AIFM, MiFID, and MiCA licenses, enabling it to provide institutional-grade portfolio management services [2][7] - The MiCA authorisation addresses a critical gap in the European crypto investment landscape, ensuring proper licensing and organisational structure for asset management [3][4] Market Positioning - The regulatory framework positions CoinShares as a leader in professional active management services for both traditional and digital assets, with a commitment to governance and accountability [5][8] - CoinShares aims to serve institutional investors by providing a regulated counterparty that complies with fiduciary standards, enhancing trust in the digital asset space [8]