- MoonPay secures Wisconsin Money Transmitter License (MTL).
- Wisconsin is the 46th US state to grant MoonPay an MTL.
- MoonPay has also been making strategic acquisitions to enhance its crypto services.
In a significant step toward expanding its footprint across the United States, cryptocurrency payment platform MoonPay has secured a Money Transmitter License (MTL) from the Wisconsin Department of Financial Institutions.
gotta catch ’em all!
the Wisconsin Department of Financial Institutions has granted MoonPay a Money Transmitter License
for Wisconsin residents, your experience buying crypto just got even better ~ especially when you use MoonPay Balance pic.twitter.com/40hAspQkwr
— MoonPay 🟣 (@moonpay) March 14, 2025
Announced on March 14, 2025, this approval marks a milestone in MoonPay’s ongoing efforts to bring its services to more American users.
With this license, Wisconsin residents can now tap into MoonPay’s offerings, including the ability to deposit funds into MoonPay Balance for fee-free crypto purchases, barring ecosystem and network fees.
Leveraging the growing crypto demand in Wisconsin
Wisconsin, the 20th most populous state in the nation, has shown a burgeoning interest in cryptocurrency adoption. Notably, it made headlines last year as the first state government to purchase Bitcoin (BTC), signaling a progressive stance toward digital finance.
MoonPay’s entry into the state aligns with this trend, providing residents with a seamless platform to engage with cryptocurrencies.
The license enhances MoonPay’s ability to operate legally within Wisconsin, offering a secure and efficient way for users to bridge traditional finance and the decentralized world of crypto.
Notably, the Wisconsin license brings MoonPay’s total count of Money Transmitter Licenses (MTLs) to 46, reflecting its aggressive push to secure regulatory approvals across the US. This follows recent licenses obtained in states like Texas, where the company expanded services late last year.
Ivan Soto-Wright, MoonPay’s co-founder and CEO, emphasized the importance of this milestone, stating, “With this license, we reinforce our commitment to compliance and consumer-first innovation.” He added that the approval strengthens MoonPay’s position as a fully regulated…