Crypto.com Gains Key UK Regulatory Approval as Electronic Money Institution

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Cypto.com regulatory approval in the UK sets the stage for the company to offer additional financial services. Image by Timon, Adobe Stock.

Today, cryptocurrency platform Crypto.com gained key regulatory approval in the United Kingdom. The company announced in a press release that it has been authorized as an Electronic Money Institution (EMI) by the UK’s Financial Conduct Authority (FCA).

The Approval Provides Access to the UK E-Money Market

The EMI approval will allow Crypto.com to offer a range of UK-localized e-money products and services, aligning with the company’s focus on meeting the UK’s high levels of consumer protection through compliance with FCA’s regulatory regime.

As an authorized EMI, Crypto.com can now tap into the rapidly growing UK electronic money market. The approval enables the platform to provide e-money services like issuance, redemption, and payment services in the country.

We are proud to announce that https://t.co/bbHWVWCATn has been authorised as an Electronic Money Institution (EMI) by the UK’s Financial Conduct Authority (FCA), building on our position in the UK market and following our registration as a crypto asset business in August 2022