Crypto.com, a Singapore-based cryptocurrency exchange, has received authorization from the UK’s Financial Conduct Authority (FCA) to operate as an electronic money institution (EMI). This means that Crypto.com can now offer a suite of UK-localized e-money products. The exchange had previously obtained regulatory approval from the FCA as a cryptoasset business, allowing it to provide products and services to customers in the UK that comply with local regulations. With the EMI license, Crypto.com can now broaden its range of financial services, including issuing and managing electronic money. The CEO of Crypto.com, Kris Marszalek, expressed the importance of the UK market and the company’s commitment to responsible innovation in the crypto industry. The exchange also emphasized its dedication to global regulatory compliance, having obtained licenses and registrations in various countries, including Dubai, the Netherlands, Spain, France, South Korea, Australia, Italy, Greece, Cyprus, and the Cayman Islands. This latest authorization from the FCA adds to Crypto.com’s growing list of regulatory licenses and demonstrates its commitment to consumer protection and adherence to robust regulatory regimes.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇬🇧 🇸🇬 🇳🇱 🇪🇸 🇫🇷 🇦🇺 🇮🇹 🇬🇷 🇨🇾 🇰🇾 🇨🇦 |
| Sentiment | very positive |
| Relevance Score | 1 |
| People | Kris Marszalek |
| Companies | Aave, Coinbase, Kraken, Gemini, FCA |
| Currencies | None |
| Securities | None |
