London, United Kingdom – December 4, 2023 – Crypto.com, a global cryptocurrency platform with over 80 million users, has announced its authorization 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.
As an EMI, Crypto.com will offer a range of UK-regulated e-money products that align with the FCA’s focus on consumer protection. This authorization marks a significant step forward for Crypto.com as the company expands its global presence and regulatory compliance efforts.
Key highlights:
- Crypto.com receives EMI authorization from the UK Financial Conduct Authority (FCA).
- This authorization allows Crypto.com to offer a suite of UK-regulated e-money products.
- The FCA’s approval underscores Crypto.com’s commitment to consumer protection and regulatory compliance.
Quotes:
“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.”
Additional information:
Crypto.com has received regulatory approvals from various jurisdictions around the world, including:
- Monetary Authority of Singapore (MAS)
- US Commodity Futures Trading Commission (CFTC)
- Autorité des marchés financiers (AMF) in France
- Dubai Virtual Assets Regulatory Authority (VARA)
- Financial Supervisory Service (FSS) in South Korea
- AUSTRAC in Australia
- Australian Securities and Investments Commission (ASIC)
- Bank of Spain
- Organismo Agenti e Mediatori (OAM) in Italy
- Hellenic Capital Market Commission in Greece
- Securities and Exchange Commission in Cyprus
- Cayman Islands Monetary Authority
- Ontario Securities Commission and Canada Securities Administrators
