Crypto.com, a popular cryptocurrency platform with over 80 million users globally, has received approval as an Electronic Money Institution (EMI) from the UK’s Financial Conduct Authority (FCA). This endorsement follows Crypto.com’s registration as a cryptoasset business with the FCA in August 2022.
With the EMI authorization, Crypto.com will offer a range of electronic money products tailored for the UK market, adhering to the FCA’s regulatory standards to ensure robust consumer protection.
Kris Marszalek, the CEO of Crypto.com, highlighted the importance of the UK market and the ongoing collaboration with the FCA to promote responsible innovation in the crypto industry.
This announcement is part of Crypto.com’s broader regulatory achievements, including licenses like the Major Payment Institution license in Singapore, approval from the US Commodity Futures Trading Commission, recognition as a Digital Asset Service Provider in France, registration in South Korea and Australia, and approvals from various regulatory bodies worldwide.
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