Crypto.com Soars With UK Regulatory Approval, Introduces New Product Offering As Authorized EMI
Summary
Singapore-based cryptocurrency exchange, Crypto.com, has been authorized by the UK’s Financial Conduct Authority (FCA) to operate as an electronic money institution (EMI). This license allows it to expand its services in the UK market. It is also aligns with the exchange's commitment towards security, privacy, and regulatory compliance. The license is an addition to Crypto.com's collection of global regulatory licenses, including regulatory clearances from the US Commodity Futures Trading Commission and approval as a Digital Asset Service Provider in France, among others. This approval permits Crypto.com to cater to local customer needs in the UK. Further, the exchange's token Cronos (CRO) has shown significant growth.
