MoonPay secures VASP registration in Ireland

MoonPay follows Coinbase and Gemini to Ireland.


rarrarorro/Shutterstock modified by Blockworks


MoonPay is now registered in Ireland as a virtual asset service provider, allowing the crypto payment company to offer its fiat-to-crypto “onramp” solution in the country. 

MoonPay CEO and co-founder Ivan Soto-Wright told Blockworks that there’s a massive benefit to being approved in Ireland prior to MiCA, the European Union’s newest crypto law, coming into full force in 2024. 

“We think having an Irish [virtual asset service provider] registration and eventually applying for authorization under MiCA to passport across the EU will be an immense competitive advantage,” Soto-Wright said in a statement shared with Blockworks.

The Central Bank of Ireland is responsible for approving virtual asset service providers (VASPs) and gave the greenlight to MoonPay on Tuesday, according to a press release.

Approved VASPs are permitted to offer five services to Irish customers, including the exchange between digital assets and fiat currencies, as well as enabling the swapping of digital assets for other digital assets. 

Furthermore, VASPs in Ireland can facilitate the transfer of crypto tokens between wallets, provide custody services and provide financial services related to token issuers, according to the central bank’s website

Soto-Wright told Blockworks that MoonPay is only approved to offer the first service: the exchange of digital assets and fiat currencies.

Gemini and Coinbase are some of the most high-profile crypto firms to be registered as VASPs in Ireland prior to MoonPay, each of them securing approval in July and December, respectively.

MoonPay was also granted regulatory assent in the UK in December 2022. And in June of the same year, the company became a VASP in Italy.

As the fraught US regulatory environment persists or worsens, there’s been a noticeable trend of crypto companies seeking to obtain regulatory approvals in Europe. got registered in Spain in June 2023. A little less than a month later, Societe Generale’s crypto subsidiary, SG-FORGE, won the first crypto license in France.

And most recently, of course, Europe’s first spot bitcoin ETF went live on Tuesday.

Meanwhile, the US Securities and Exchange Commission just delayed the approval of a handful of bitcoin spot ETF applications.

Updated Aug. 15, 2023 at 2:45 pm ET: Added comment from MoonPay CEO and co-founder Ivan Soto-Wright.

Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.


Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research Report Templates.png


ZKPs enable efficient offchain transaction processing and validation, resulting in increased throughput and reduced fees. Solana's ZK Compression leverages ZKPs to minimize onchain storage costs, while Sui's zkLogin streamlines user onboarding by replacing complex key management with familiar OAuth credentials.


The crypto asset manager lowered its planned fee from 0.25% to 0.15%, undercutting its competitors


Plus, a look at planned ETH ETF fees and how they differ from their BTC counterparts


North Korea suspected in breach of Indian exchange’s multisig wallet


Plus, Sanctum’s CLOUD token has officially launched — but not without problems


It’s not yet clear whether Donald Trump is pumping bitcoin. But an unofficial memecoin is still seeing benefit.