Singapore-based cryptocurrency exchange Crypto.com has obtained authorization from the UK’s Financial Conduct Authority (FCA) to act as an electronic money institution (EMI). According to a December 4 announcement, this new license allows Crypto.com to broaden its product offerings in the UK market.
Crypto.com Receives EMI Authorization
With the EMI authorization, Crypto.com can now provide a suite of UK-localized e-money products while adhering to the FCA’s rigorous regulations and consumer protection standards.
As announced, this aligns with Crypto.com’s commitment to upholding the “highest standards” of regulatory compliance, security, and privacy.
Kris Marszalek, CEO of Crypto.com, emphasized the importance of the UK market and the exchange’s collaboration with the FCA, stating:
The UK has and continues to be a hugely important market for our business and the greater industry. We look forward to continuing to collaborate with a global regulatory leader in the FCA in
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