Skip to content

Crypto.com Enters UK E-Money Arena With FCA Approval

Crypto.com's EMI authorisation allows it to offer a suite of UK-localised e-money products

Table of Contents

Crypto.com has been authorised as an Electronic Money Institution (EMI) by the UK’s Financial Conduct Authority (FCA), following its registration as a crypto asset business last year.

The EMI authorisation allows Crypto.com to offer a suite of UK-localised e-money products.

“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, in a statement.

“We look forward to continuing to collaborate with a global regulatory leader in the FCA in our collective pursuit of responsible innovation for crypto.”

Binance’s ‘Fine’ Dining: $4 Billion Settlement News Served to VIPs First
Binance’s “VIP” clients were told about its $4.3 billion settlement two months before public knowledge over a private dinner at Singapore’s exclusive 1880 members club.

Unlike its competitors such as Binance and Coinbase, Crypto.com found itself in regulators' good books, earning licenses including:

  • Major Payment Institution (MPI) licence for Digital Payment Token (DPT) from the Monetary Authority of Singapore (MAS)
  • Derivatives Clearing Organization (DCO) and a Designated Contracts Market (DCM) status from the US Commodity Futures Trading Commission (CFTC)
  • Registration as a Digital Asset Service Provider (DASP) by the Autorité des marchés financiers (AMF) in France
  • MVP Preparatory Licence 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
  • 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
Coinbase Stock is Outperforming Bitcoin... Buy Now?
Bitcoin is up over 128% year to date but Coinbase is up more than 248%. Which one are you buying?

Latest

What is the Fair Value of Bitcoin?

What is the Fair Value of Bitcoin?

According to two staff members of the European Central Bank, Bitcoin is still a harmful phenomenon with no inherent worth, even if it has been approved as an asset to be included in ETFs in the US. The OG cryptocurrency just crossed its two-year high today, sitting at $56,287

ETF Hype Pushes Ether to 2-Year Highs

ETF Hype Pushes Ether to 2-Year Highs

Anticipation for US spot crypto ETFs shifts focus to Ethereum, with investors eyeing Ether's outperformance over Bitcoin amid rising demand and potential legal challenges, despite regulatory hesitations and concerns over ecosystem centralization.