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Crypto.com Receives UK Authorization as an Electronic Money Institution to Offer Electronic Money Products
He will use the new license from the Financial Conduct Authority to offer e-money products in the UK, the company said. Crypto.comtrading as Forisgfs UK, has been registered as a crypto business by the FCA in August last year.
“The UK has been and continues to be a hugely important market for our business and the entire industry,” said Kris Marszalek, CEO of Crypto.com. The country has declared that it wants to be a crypto hub.
Crypto.com strives to comply with regulators around the world. The exchange recently received licenses in Singapore and is regulated as a derivatives clearing organization with the United States Commodity Futures Trading Commission. It also has registrations and licenses in France, Dubai and elsewhere.