Crypto.com, trusted by more than 80 million customers worldwide and the industry leader in regulatory compliance, security and privacy, announced today that it has been authorised as an Electronic Money Institution (EMI) by the UK’s Financial Conduct Authority (FCA). This approval follows Crypto.com’s registration as a cryptoasset business with the FCA in August 2022.
With this EMI authorisation, Crypto.com will offer a suite of UK-localised e-money products as part of the robust FCA regime that aligns with Crypto.com’s focus of ensuring the highest standards of consumer protection.
“The UK has and continues to be a hugely important market for our business and the greater industry,” said Kris Marszalek, CEO of Crypto.com. “We look forward to continuing to collaborate with a global regulatory leader in the FCA in our collective pursuit of responsible innovation for crypto.”
Today’s announcement continues Crypto.com’s regulatory licence momentum, having received its Major Payment Institution (MPI) licence for Digital Payment Token (DPT) and its MPI for e-money issuance, account issuance, cross border and domestic money transfer services from the Monetary Authority of Singapore; a US Commodity Futures Trading Commission (CFTC) regulated Derivatives Clearing Organization (DCO) and a Designated Contracts Market (DCM); registration as a Digital Asset Service Provider (DASP) by the Autorité des marchés financiers (AMF) in France; approval of its MVP Preparatory Licence, and its Virtual Asset Service Provider Licence pending operational approval from the Dubai Virtual Assets Regulatory Authority (VARA); Electronic Financial Transaction Act and Virtual Asset Service Provider registration in South Korea; registration approval as a Digital Currency Exchange Provider and Independent Remittance Dealer in Australia by AUSTRAC; an Australian Financial Services Licence and Australian Credit Licence from the Australian Securities and Investments Commission (ASIC); registration in Spain as a Virtual Asset Service Provider (VASP) from the Bank of Spain; registration in Italy from the Organismo Agenti e Mediatori (OAM); registration in Greece from the Hellenic Capital Market Commission; registration in Cyprus from the Securities and Exchange Commission; regulatory approval from the Cayman Islands Monetary Authority; and a pre-registration undertaking with the Ontario Securities Commission and Canada Securities Administrators, among others.
