MoonPay said on Sept. 8 that its European business received an Electronic Money Institution license from the Dutch Central Bank. The authorization gives the crypto payments company a regulated basis to add payment accounts, related payment services and stablecoin issuance from the Netherlands.
The company announcement presents the license as an expansion of MoonPay Europe’s existing regulatory position rather than the launch of a finished product. MoonPay did not provide release dates, pricing or eligibility details for the accounts, stablecoins or cards it plans to develop.
The license widens MoonPay’s permitted services
MoonPay said the EMI authorization allows it to offer payment accounts to consumers and businesses, along with connected payment services. It also permits the company to issue stablecoins, opening a path into euro-denominated tokens and open-loop products that can circulate beyond a single merchant or platform.
The company described itself as the third Netherlands-based business to hold both a Markets in Crypto-Assets Crypto-Asset Service Provider authorization and an EMI license within one entity. It further claimed to be the first in that group to combine both licenses with open-loop stablecoin issuance capabilities. Those comparisons are MoonPay’s characterization and were not accompanied by a regulator-issued peer list.
MiCA authorization came before the EMI approval
MoonPay said it obtained its MiCAR CASP license in 2024. That authorization covers crypto-asset services, while the new EMI license extends the regulated activities it can pursue around conventional payment accounts and electronic money. Holding the two permissions together could reduce the need to split future European crypto and payment products between separate operating entities.
The approval also adds a regulatory layer to MoonPay’s broader product expansion. BlockchainReporter recently covered MoonPay’s addition of Kamino lending to PayBox on Solana, a separate product update focused on onchain borrowing rather than European e-money permissions.
Product launches remain ahead
MoonPay said users should expect further work on payment accounts, stablecoin issuance and card products across Europe. The announcement did not identify a stablecoin name, reserve model, launch market or banking partners, so the license should not be read as evidence that a euro token is already in circulation.
The dated development is the regulatory approval itself. Its commercial impact will depend on which services MoonPay introduces under the authorization and the terms attached to those products. Until the company publishes launch details, the EMI license expands its permitted scope but does not establish adoption or transaction volume.