PANews reported on November 25th that, according to Eleanor Terrett, MoonPay has received a limited purpose trust license from the New York State Department of Financial Services (NYDFS), allowing it to conduct crypto custody and over-the-counter trading business in New York State. MoonPay currently holds both a BitLicense and a trust license, a combination obtained by only a handful of companies such as Coinbase, PayPal, Ripple, and NYDIG under stringent regulations.PANews reported on November 25th that, according to Eleanor Terrett, MoonPay has received a limited purpose trust license from the New York State Department of Financial Services (NYDFS), allowing it to conduct crypto custody and over-the-counter trading business in New York State. MoonPay currently holds both a BitLicense and a trust license, a combination obtained by only a handful of companies such as Coinbase, PayPal, Ripple, and NYDIG under stringent regulations.
MoonPay has obtained a limited purpose trust license in New York State, enabling it to provide custody and OTC trading locally.
PANews reported on November 25th that, according to Eleanor Terrett, MoonPay has received a limited purpose trust license from the New York State Department of Financial Services (NYDFS), allowing it to conduct crypto custody and over-the-counter trading business in New York State. MoonPay currently holds both a BitLicense and a trust license, a combination obtained by only a handful of companies such as Coinbase, PayPal, Ripple, and NYDIG under stringent regulations.
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