News View Non-AMP

Crypto.com Wins UK FCA’s Trust; Secures EMI License for Financial Services

Published by
Qadir AK

In a significant move, Crypto.com, a leading Singapore-based cryptocurrency exchange, has recently received the Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA). This big announcement, shared in an official press release on Monday, December 4, 2023, marks a major step for Crypto.com as it plans to expand its services within the United Kingdom.

Expansion on the Cards!

The EMI license, a comprehensive endorsement from the FCA, empowers Crypto.com to not only handle electronic money but also diversify its offerings to include a range of financial services. This achievement follows the company’s earlier registration with the FCA as a cryptoasset business back in August 2022.

With a global user base of over 80 million, Crypto.com is known for its strong commitment to security, privacy, and following the rules. The new EMI license is expected to strengthen the company’s position as a leader. The FCA’s approval allows Crypto.com to introduce a variety of UK-focused e-money products, aligning with its mission to uphold high standards of consumer protection.

Also Read: UK Introduces New Tax Rules for Cryptocurrency Users

Kris Marszalek’s Perspective

Kris Marszalek, Crypto.com’s CEO, expressed excitement about this development.

“The UK market remains pivotal to our operations and the broader digital asset industry. We look forward to continuing our work with the FCA, a global regulatory leader, in fostering responsible innovation in the crypto sector.”

This significant achievement highlights Crypto.com’s strict adherence to regulatory requirements, including anti-money laundering and counter-terrorist financing measures following UK law. Obtaining the EMI license puts Crypto.com alongside other crypto-focused entities like Coinbase and Gemini, who also secured this license in the UK.

Setting the Standard High

In the midst of the growing push for cryptocurrency regulation globally, Crypto.com’s unwavering commitment to following the rules sets an industry benchmark. The company’s skilled navigation through the regulatory landscape signals a positive path for the broader cryptocurrency market, promising increased trust and stability for users and investors.

This might by just what the market needs at this point. Would you agree?

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Crypto Prices Today (03rd April, 2025): Trump Tariffs Sparks Market Selloff?

The crypto market today has taken a notable hit, following the trade tensions from Trump’s…

April 3, 2025

Bitcoin Price Prediction 2025 : Arthur Hayes Predicts How Low Can Bitcoin Price Go?

Bitcoin dipped 1.41% to $83,437 after Trump’s tariff bombshell rattled markets. With a 24-hour range…

April 3, 2025

Why is XRP Dropping Today?

The cryptocurrency market took a sharp hit on April 2, 2025, following President Donald Trump’s…

April 3, 2025

AI’s Final Warning: Hottest 7 Altcoins Before May

The crypto market appears to have bottomed before traditional equities in the ongoing saga of…

April 3, 2025

XRP Price Dips Below $2 for the First Time in Months

On Wednesday, XRP dropped below the critical $2 mark, retesting the $1.96 level as the…

April 3, 2025

Bitcoin’s Failed $90,000 Attempt Hints at an Impending Price Surge Despite the Fear of a ‘Death Cross’- Will it Reach $100K?

As tariff concerns added to the turmoil, markets were pinched ahead of Liberation Day. Bitcoin…

April 3, 2025