Crypto.com Achieves FCA Authorization for E-Money in the UK

Crypto.com Achieves FCA Authorization for E-Money in the UK

In Summary

Crypto.com achieves FCA authorization as an Electronic Money Institution in the UK, marking a significant milestone. Reaching this milestone allows for a wider range of financial services and strengthens the platform’s position in the European market. Crypto.com is now able to issue electronic money, supply e-wallets and prepaid cards, and handle payments and money transfers thanks to the E-Money license. This regulatory accreditation upholds Crypto.com’s dedication to dependability and compliance, enhancing its reputation in the worldwide cryptocurrency market. UK clients can now take advantage of a smooth and regulated experience, opening up new opportunities for the platform’s financial services related to cryptocurrencies.


London, UK – December 4, 2023 – Crypto.com, the leading global cryptocurrency platform, has announced that it has been authorized as an Electronic Money Institution (EMI) by the Financial Conduct Authority (FCA) in the United Kingdom.1

This is seen as a significant milestone for Crypto.com’s expansion in the European market and positions the company to offer a wider range of financial services to its UK customers.

The EMI license allows Crypto.com to issue electronic money, such as e-wallets and prepaid cards, and provide other financial services such as payment processing and money remittance.

This will enable Crypto.com to offer its UK customers a more seamless and integrated experience, allowing them to easily buy, sell, and spend cryptocurrencies within a regulated framework.

The EMI license for UK customers brings several key benefits, reinforcing the overall reliability and service quality of Crypto.com.

Reports said that the EMI license empowers Crypto.com to expand its product offerings, providing a broader range of crypto-related financial services. As a result, customers can anticipate an improved and more versatile experience on the Crypto.com platform

Crypto.com has long been a leader in regulatory compliance within the crypto industry. The company holds regulatory licenses in several jurisdictions around the world, including the USA, Canada, and Singapore.

Sources
  1. Crypto.com: https://twitter.com/cryptocom/status/[↩]
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