Under the Class 3 VFA license, Crypto.com can provide custodial services and execute orders on behalf of other persons.
Crypto.com, the popular mobile platform for buying and selling digital assets, has become the first cryptocurrency company to receive Malta’s Class 3 Virtual Financial Assets license.The license was granted by the Malta Financial Services Authority, or MFSA, paving the way for broader recognition of digital assets throughout the European Union. As a licensed Class 3 VFA Service Provider, Crypto.com is subject to more rigorous governance, compliance and security requirements. Prior to obtaining the VFA license, Crypto.com was operating under a transitory legal framework in Malta. The tiny Mediterranean nation is one of a small number of European Union jurisdictions to have developed clear regulatory guidelines for cryptocurrencies. Kris Marszalek, the co-founder and CEO of Crypto.com, said his company has

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Źródło: https://cointelegraph.com/news/crypto-com-becomes-first-cryptocurrency-platform-to-receive-mfsa-class-3-license