MoonPay secures NYDFS trust charter to expand crypto services in NY
Crypto Briefing
MoonPay obtained a Limited Purpose Trust Charter from the NYDFS, complementing its existing BitLicense for expanded crypto services in New York.Summary
Crypto payment infrastructure provider MoonPay has secured a Limited Purpose Trust Charter from the New York Department of Financial Services (NYDFS). This charter, combined with its existing BitLicense from the NYDFS, grants MoonPay dual regulatory approval under New York's stringent crypto framework, placing it among a select few firms like Coinbase and PayPal. The new trust charter specifically allows MoonPay to offer custody and other fiduciary services for digital assets, significantly expanding its capabilities beyond its primary function of payment processing within the state.
(Source：Crypto Briefing)