MoonPay has been approved as a Virtual Asset Service Provider by the Central Bank of Ireland, allowing it to facilitate cryptocurrency and fiat currency exchanges for residents of Ireland. This approval underscores MoonPay's commitment to regulatory compliance and user protection, including safeguarding against data and fund theft.

The company acknowledges Ireland's conducive environment for crypto ventures, citing its vibrant finance and technology landscape. With this approval, MoonPay aims to establish a presence in Ireland and cater to its residents.

This milestone follows the recent launch of the MoonPay Mobile App, which offers features such as wallet top-up, seamless transactions, and access to a wide range of digital assets. MoonPay envisions leveraging partnerships with platforms like OpenSea, MetaMask, and Fox Universal to drive Web3 adoption and provide guidance to both new and experienced users in navigating the decentralized web.