MoonPay Limited (“the Company”)
JULY 28, 2021

The Malta Financial Services Authority (“MFSA” or “the Authority”) decided not to grant the Company a licence under the Virtual Financial Assets Act, Chapter 590 of the Laws of Malta (“the VFA Act”), and to impose a Directive against the Company.


MoonPay Ltd
The Olives, Flat 9,
Triq Forrest,
St Julians

Business Activity: Applied for a Class 2 Virtual Financial Assets Licence, and operating under the Transitory Provision as per Article 62 of the VFA Act.



The MFSA determined that the Company has failed to meet the pre-licencing conditions set out in the In-Principle Approval letter issued by the Authority on 22 December 2020.


Further to the Directive issued by the MFSA on 26 May 2021, the MFSA considers that the Company is not in a position to adhere in full with the requirements of Chapter 3 of the Virtual Financial Assets Rulebook and therefore on 9 July 2021, the MFSA directed the Company to cease its operations from and within Malta, following the Authority’s decision not to grant the Company a licence under the VFA Act.

It should be noted that the MFSA’s decision may be appealed before the Financial Services Tribunal within the period as prescribed by the applicable law.


This notice is being published as part of the MFSA’s standard enforcement policy and in terms of Article 41 of the VFA Act and Article 16 of the Malta Financial Services Authority Act.