MetaMask CL Card Now Moves Under MiCA: MoonPay Europe Is Behind the Crypto Services

If you use the MetaMask CL Card, you have probably already received an email about a change in the provider of the crypto services. At first glance the change looks technical, but it is in fact another step towards the full entry of European regulation into everyday crypto use.

What is changing?

MetaMask is notifying users that from 1 July 2026 the crypto services behind the card are provided by MoonPay Europe B.V., rather than through the previous white-label model of Baanks.

The letter to users states:

"From 1 July 2026, the crypto-asset services in your account will be powered by MoonPay Europe B.V., a crypto-asset service provider authorized under the EU Markets in Crypto-Assets Regulation (MiCA) by the Netherlands Authority for the Financial Markets (AFM). Your card and payments providers continue unchanged."

MetaMask also adds that:

"This change does not alter the terms of your agreement with us."

In other words:

• your card stays the same;
• the way you pay does not change;
• you do not need to take any action.

What does this mean in practice?

For most users – almost nothing.

For regulators – almost everything.

MoonPay Europe B.V. is a licensed CASP (Crypto-Asset Service Provider) under MiCA, authorised by the Dutch regulator AFM, and entitled to provide its services across the entire EU through the European passport.

This means that the crypto services now fall entirely within the European regulatory framework.

What will the authorities know?

This is where the interesting part begins.

A licensed European CASP is no longer just a "crypto company". It has a series of obligations towards the European supervisory and tax authorities.

Among them are:

• MiCA – licensing, risk management, client protection, and regulatory supervision;
• AML / Travel Rule – client identification (KYC), tracking of sender and recipient in crypto transfers, monitoring of suspicious transactions;
• DORA – requirements for cybersecurity, operational resilience, and reporting of serious ICT incidents;
• DAC8 / CARF – annual tax reporting of crypto transactions to the national tax administrations, which automatically exchange information with each other. For Bulgarian tax residents, this information will reach the National Revenue Agency (NRA) through the automatic exchange mechanism between Member States.

Under CARF/DAC8, providers collect and report data such as:

• the client's identity;
• the country of tax residence;
• the tax identification number (TIN), where applicable;
• the type of crypto-assets;
• purchases, sales, exchanges, and transfers;
• transaction values;
• annual aggregated data on the client's activity.

Should users be worried?

No.

If you declare your income correctly and use crypto legally, there is practically no negative change for you.

But if anyone is still relying on the idea that crypto is "invisible" to the institutions, European regulation is gradually closing that door.

In short

• ✅ Your card will keep working as before.
• ✅ The interface will barely change.
• ❗ But the crypto services are now performed by a European MiCA-licensed CASP.
• ❗ This means more regulation, more traceability, and a significantly larger automatic exchange of information between crypto providers and the tax administrations in the EU.

💩 In plain language

Until yesterday, this was just a convenient crypto card. From today, a European MiCA-licensed CASP stands behind it. The card will keep working the same way, but the transactions now fall under the entire European package – MiCA, AML, DORA, DAC8, CARF, and the automatic exchange of data with the tax administrations.

Enjoy your shopping. 😄

This publication is for informational purposes only and does not constitute legal, tax, or investment advice.