Crypto.com Receives EMI License in Malta

Cryptocurrency exchange Crypto.com has received an electronic money institution (EMI) license in Malta.

The Hong Kong-based exchange is the first crypto platform to receive an EMI license from the Malta Financial Services Authority (MFSA), according to an emailed announcement Thursday.
The license allows the exchange to offer payment cards and bank transfers in the Mediterranean country.
Crypto.com received a Class 3 Virtual Financial Assets (VFA) license in May, having been granted preliminary approval in November.
CEO Kris Marszalek said Crypto.com looks forward to "securing licenses in every country we operate in."
That is likely to be more complicated in other European countries compared with crypto-friendly Malta.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Jamie Crawley

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.