MoonPay has achieved registration as a Virtual Asset Service Provider in Jersey, the largest of the Channel Islands, thereby enhancing its regulated global presence.
This registration, authorized by the Jersey Financial Services Commission, enables MoonPay to provide crypto on-ramp, off-ramp, and swap services from within the jurisdiction, according to exclusive reports.
Covering 45 square miles, Jersey has a population of approximately 107,000 residents.
This development adds Jersey to an expanding list of locations where MoonPay is authorized to operate, which also includes the UK, Australia, Canada, Italy, Ireland, and the Netherlands under MiCA, along with various states in the U.S.
Ivan Soto-Wright, CEO of MoonPay, underscored the company’s determination to comply with regulations as it works to widen crypto access globally.
“We eagerly anticipate ongoing collaboration with regulatory authorities to extend our crypto solutions to more users across the globe,” he stated.
JFSC and Bitcoin
The JFSC has taken a forward-thinking stance on crypto regulation, having approved the first regulated Bitcoin (BTC) investment fund in 2014. Its regulatory framework provides clarity for businesses operating in the digital asset sector.
Achieving VASP registration signifies a company’s compliance with anti-money laundering and customer protection standards—essential requirements for functioning in regulated environments.
MoonPay’s extension into Jersey bolsters its capacity to cater to users in both Europe and the wider international market under a compliant framework.
Earlier this year, MoonPay acquired the Solana-based payment processor Helio for about $175 million. Helio had facilitated over $1.5 billion in transactions over three years. This acquisition enabled MoonPay to integrate Helio’s technology and enhance its DeFi capabilities.