Carey Olsen has advised MoonPay, Inc. ("MoonPay"), a global leader in crypto payments, with the registration of its new Jersey subsidiary as a virtual asset service provider ("VASP").
Carey Olsen advised MoonPay on the legal and regulatory aspects of its VASP application to the Jersey Financial Services Commission, with Oak Group providing regulatory, compliance and operational support.
The Carey Olsen team was led by partner Chris Griffin, assisted by regulatory specialist Sophie Hancock and associate Tshogofatso Dhlamini.
Chris Griffin commented: "We were delighted to help MoonPay to establish a presence in Jersey, they are a top-class provider of crypto payment services."
Matt Sullivan, deputy general counsel at MoonPay, said: "Carey Olsen and Oak Group were valuable partners in securing our VASP registration, enabling us to bring our solutions to users in Jersey while upholding our commitment to compliance and consumer protection."
Graeme Paton, director at Oak Group commented: "Oak Group is very pleased to work with MoonPay on this positive step forward for Jersey as it continues to strengthen its position as an innovative international finance centre."