- Crypto.com secures electronic money institution (EMI) license from UK’s Financial Conduct Authority (FCA).
- Plans to introduce a range of e-money products tailored for the UK market, adhering to FCA consumer protection standards.
- Previously registered with the FCA as a cryptoasset business in August 2022.
- CEO Kris Marszalek emphasizes the UK’s significance, expressing commitment to responsible crypto innovation.
- Faced challenges earlier in the year, cutting 20% of its workforce to ensure long-term success.
- Established in 2016, Crypto.com serves 80 million+ customers, facilitating cryptocurrency transactions and offering crypto-based card services.
- Holds regulatory licenses/approvals in various countries including Singapore, US, France, UAE, South Korea, Australia, Spain, Italy, Greece, Cyprus, Cayman Islands, and Canada.
Crypto.com lands EMI licence from the UK’s Financial Conduct Authority
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