MoonPay Dutch EMI License Granted for EU Stablecoin Issuance
MoonPay Gets Dutch EMI License From De Nederlandsche Bank
MoonPay, the crypto payments infrastructure company, has secured an Electronic Money Institution license from De Nederlandsche Bank, the Dutch central bank, clearing the company to issue a regulated euro stablecoin and run payment accounts across the European Economic Area.
The MoonPay Dutch EMI license was granted on September 8, 2026, according to an announcement from MoonPay and confirmed through De Nederlandsche Bank's public register.
The approval sits alongside MoonPay's existing MiCA crypto-asset service provider authorization, making MoonPay Europe B.V. one of the few Dutch firms to hold both a payments license and a crypto-asset license in a single entity.
Key Takeaways
MoonPay received its EMI license from De Nederlandsche Bank on September 8, 2026, per the company's own announcement and the DNB public register.
The license allows euro stablecoin issuance, payment accounts, and card products across the EEA on a passported basis.
MoonPay Europe B.V. now holds both a DNB EMI license and an AFM MiCA CASP authorization, per the AMF whitelist entry for the firm.
MoonPay Gets Dutch EMI License From De Nederlandsche Bank
MoonPay Europe B.V., the company's Amsterdam-based entity, received the electronic money institution license from De Nederlandsche Bank on September 8, 2026.
DNB acts as the prudential supervisor for e-money issuers in the Netherlands and lists licensed firms in its public register.
The MoonPay Dutch EMI license removes the need for MoonPay to route stablecoin issuance through a third-party e-money partner.
Under MiCA's e-money token rules, fiat-referenced stablecoins count as e-money tokens, and only a credit institution or licensed electronic money institution may issue them directly.
MoonPay said the license gives it broader options from the Netherlands to build regulated stablecoin and payment products.
What Does The MoonPay Dutch EMI License Allow The Company To Do?
The MoonPay Dutch EMI license permits the firm to offer regulated payment accounts to consumers and businesses, issue a euro-denominated stablecoin on an open-loop basis, and launch new payment and card products.
Because the license carries European Economic Area passporting rights, MoonPay can deliver these services from Amsterdam into every EEA state without a separate national approval.
Open-loop Digital fiat issuance means the tokens can move, be held, and be redeemed outside MoonPay's own platform.
How Does The EMI License Combine With MoonPay's MiCA CASP?
MoonPay Europe B.V. already held a MiCA crypto-asset service provider authorization from the AFM, granted in December 2024 as one of the first CASP licenses issued in the EU.
The AMF whitelist entry for MoonPay Europe B.V. confirms the authorization is still active.
Adding the electronic money institution license puts the crypto-asset services layer and the e-money and payments layer under one supervisory structure, making MoonPay the third Netherlands-based firm to hold both and the first to pair them with open-loop stablecoin issuance.
MoonPay's Two Dutch Regulatory Licenses
License | Regulator | Granted | Covers |
MiCA CASP authorization | AFM | December 2024 | Crypto-asset trading and custody services |
EMI license | DNB | September 8, 2026 | Euro stablecoin issuance, payment accounts, cards |
MoonPay lists both authorizations behind the MoonPay Dutch EMI license on its official licenses page.
What Happens Next For MoonPay's Euro Stablecoin Plans?
MoonPay said it plans to build out regulated payment accounts, euro Digital fiat issuance, and card products in the coming months, though it has not published a fixed rollout date.
The Netherlands has become a landing point for crypto payments infrastructure firms seeking both an EMI license and a MiCA crypto-asset service provider license, since the combination lets one entity handle crypto-asset services and e-money issuance without outside banking partners.
Expert Opinion
Analysts covering European crypto regulation note that pairing a MiCA CASP authorization with a Dutch EMI license removes one of the main structural gaps stablecoin issuers have faced since MiCA's e-money token rules took effect.
Holding both licenses in one entity could reduce settlement friction for euro Digital fiat issuance and give MoonPay a more direct route into card products than issuers relying on third-party e-money partners.
Disclaimer: This article is for informational purposes only and is not investment, legal, or financial advice. Sourced from MoonPay's announcement, De Nederlandsche Bank's public register, and the AMF whitelist entry for MoonPay Europe B.V. License status may change; verify directly with DNB or AFM before acting on this information.
