Code & Chain · Signal Desk

MoonPay Obtains Dutch EMI License, Can Issue Euro Stablecoins

Original sourceCryptoEU

Summary

MoonPay obtained an electronic money institution (EMI) license from the Dutch central bank (DNB), expanding its regulated European footprint from crypto asset services to e-money and payments. Together with its existing MiCA authorization, the license lets MoonPay offer payment accounts, euro-denom…

Key points

  • Payment and stablecoin players can observe the dual-license model as a compliance roadmap for entering the European market.
  • A crypto firm obtaining an EMI license means euro stablecoin issuance is being brought into the existing payment supervisory system rather than given separate rules.
  • Firms offering stablecoin payments and cards in Europe may need both MiCA and EMI-type licenses, raising the compliance bar.

Editorial note

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