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

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?