With a global trust from over 80 million customers and an unrivaled reputation as an industry leader in regulatory compliance, security, and privacy certifications, Crypto.com proudly announces a groundbreaking achievement: the successful acquisition of a Payment Institution License (EMI) in Brazil from the esteemed Central Bank of Brazil. This prestigious license cements Crypto.com’s commitment to offering regulated fiat wallet services to its valued customers in Brazil, bringing a new level of convenience and security to the region’s crypto enthusiasts. Already offering the Crypto.com Visa Card in Brazil since November 2021, which enables seamless purchases with local fiat and cryptocurrencies, Crypto.com is set to enhance the financial landscape of the region.
Kris Marszalek, the visionary CEO of Crypto.com, expressed immense pride in this accomplishment, declaring, “Brazil and the entire LATAM market is a significant region in the pursuit of our vision of cryptocurrency in every wallet. We are incredibly proud to secure the license in Brazil, allowing us to lead as a safe, secure, and compliant platform. We look forward to continuing to work with regulators and authorities throughout the region in advancing cryptocurrency and blockchain technology.” The recent study by Chainalysis ranking Brazil seventh globally in this year’s crypto index underscores the immense potential and importance of this milestone.
In the vibrant Latin American landscape, crypto adoption has been gaining momentum, and Crypto.com recognizes the role of regulators in fostering this transformation. Marcos Jarne, General Manager, and Head of Legal, LATAM of Crypto.com, emphasized, “Latin America is a major driver in crypto adoption, and regulators have also been playing a key role to foster this. This is an exciting step in our journey in Brazil and LATAM, with much more to come.”
As Crypto.com takes confident strides into the future, this momentous achievement reaffirms their commitment to delivering a seamless and secure crypto experience to users in Brazil and beyond. By securing the Payment Institution License (EMI), Crypto.com stands at the forefront of the crypto revolution, empowering users with a comprehensive suite of financial services that bridge the gap between traditional finance and the cutting-edge world of cryptocurrencies.
Buckle up for an exhilarating ride as Crypto.com continues to expand its reach across the LATAM region, shaping the future of finance and blockchain technology hand in hand with regulators and authorities. The journey towards widespread crypto adoption and financial inclusivity has only just begun, and Crypto.com is leading the charge with passion and purpose. Get ready to embrace a future where crypto is an integral part of every wallet, as Crypto.com takes the crypto world by storm, one innovation at a time.
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