Crypto.com Receives EMI License in Malta

The Hong Kong-based exchange said it is the first crypto platform to receive an EMI license from the Malta Financial Services Authority.

AccessTimeIconJul 8, 2021 at 10:30 a.m. UTC
Updated Sep 14, 2021 at 1:22 p.m. UTC

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.

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