According to the source, MoonPay obtained regulatory approval in New York to safeguard customers’ digital assets and facilitate over-the-counter (OTC) trades; source: New York State Department of Financial Services (NYDFS) approval records and company announcement dated Nov 25, 2025. Under NYDFS rules, authorization to custody digital assets and conduct virtual currency business requires meeting capital, AML, and cybersecurity standards for serving New York customers; source: NYDFS 23 NYCRR Part 200 and 23 NYCRR Part 500. For traders, a regulated OTC capability in New York provides a compliant venue for block trades and settlement, informing execution workflows and counterparty risk management; source: NYDFS virtual currency business activity guidance.