MoonPay has secured registration as a Virtual Asset Service Provider in Jersey, the largest of the Channel Islands, further expanding its regulated global operations.
The registration, approved by the Jersey Financial Services Commission, allows MoonPay to offer crypto on-ramp, off-ramp, and swap services from within the jurisdiction, crypto.news can exclusively report.
Jersey is the largest of the Channel Islands, at 45 square miles, with a population of some 107,000 inhabitants.
The move adds Jersey to a growing list of territories where MoonPay is authorized to operate, including the US, UK, Australia, Canada, Italy, Ireland, and the Netherlands under MiCA.
MoonPay CEO Ivan Soto-Wright emphasized the company’s commitment to compliance as it broadens crypto access worldwide.
“We look forward to continued collaboration with regulatory bodies to bring our crypto solutions to more users around the globe,” he said.
JFSC and Bitcoin
The JFSC has taken a proactive approach to crypto regulation, having approved the world’s first regulated Bitcoin (BTC) investment fund in 2014. Its framework offers regulatory clarity for firms operating in the digital asset space.
VASP registration confirms a company’s adherence to anti-money laundering and customer protection requirements, key criteria for operating in regulated jurisdictions.
MoonPay’s expansion into Jersey strengthens its ability to serve users in both Europe and the broader international market under a compliant framework.
Earlier this year, MoonPay acquired Solana-based payment processor Helio for approximately $175 million. Helio had processed over $1.5 billion in transactions in three years. The acquisition allowed MoonPay to integrate Helio’s technology and expand its DeFi capabilities.
