{"id":7728,"date":"2023-12-06T08:00:23","date_gmt":"2023-12-06T08:00:23","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=7728"},"modified":"2023-12-06T08:23:38","modified_gmt":"2023-12-06T08:23:38","slug":"crypto-com-obtains-emi-license","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/crypto-com-obtains-emi-license\/","title":{"rendered":"Crypto.com Obtains EMI License!"},"content":{"rendered":"
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“Crypto.com Secures EMI License from the UK Financial Conduct Authority (FCA)!”<\/p>\n

Crypto.com has obtained authorization<\/strong> as an Electronic Money Institution from the Financial Conduct Authority (FCA), the financial regulator of the United Kingdom.<\/p>\n

The EMI license follows Crypto.com’s registration with the FCA as a crypto asset business in August 2022. The Cryptoasset Register, focusing on compliance with anti-money laundering and counter-terrorism financing regulations, targets firms engaged in crypto asset activities in the United Kingdom.<\/p>\n

Compared to other licenses, the EMI license is broader, allowing companies to issue and manage electronic money and offer a wider range of financial services.<\/p>\n

According to the announcement, the registration enables Crypto.com to offer a localized e-money products package in the United Kingdom.<\/p>\n

Crypto.com<\/strong> joins other crypto firms such as Coinbase<\/a> and Gemini in obtaining EMI licenses.<\/a> In 2020, Aave’s commercial entity in the UK was also granted an EMI license, and Kraken, a competitor crypto exchange, received EMI authorization in Ireland in September and Virtual Asset Service Provider registration in Spain.<\/p>\n

Crypto.com CEO Kris Marszalek stated,<\/strong> ‘The United Kingdom is an immensely important market for our business and the larger industry, and it continues to be so. We eagerly look forward to continuing our collaboration with a global regulatory leader in the form of the FCA in our collective pursuit of responsible innovation in the crypto space.’<\/p>\n

With this license, Crypto.com has positioned itself to have a significant presence in the large UK market compared to other crypto exchanges. Moreover, this license enables them to enjoy various privileges, such as issuing electronic money.<\/p>\n

In the comment section, you can freely share your comments and\u00a0 opinions about the topic. Additionally, don\u2019t forget to follow us on Telegram, <\/a>Youtube<\/a>\u00a0 and\u00a0Twitter<\/strong><\/a>\u00a0for the latest news and updates.<\/em><\/p><\/blockquote>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

“Crypto.com Secures EMI License from the UK Financial Conduct Authority (FCA)!” Crypto.com has obtained authorization as an Electronic Money Institution from the Financial Conduct Authority (FCA), the financial regulator of the United Kingdom. The EMI license follows Crypto.com’s registration with the FCA as a crypto asset business in August 2022. The Cryptoasset Register, focusing on<\/p>\n","protected":false},"author":13,"featured_media":7730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,2],"tags":[1575,2799,2800],"class_list":["post-7728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-news","category-news","tag-crypto-com","tag-crypto-com-obtains-emi-license","tag-emi-license"],"yoast_head":"\nCrypto.com Obtains EMI License! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Crypto.com has obtained authorization as Electronic Money Institution from the Financial Conduct Authority, the financial regulator of the UK.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/crypto-com-obtains-emi-license\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto.com Obtains EMI License! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Crypto.com has obtained authorization as Electronic Money Institution from the Financial Conduct Authority, the financial regulator of the UK.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/crypto-com-obtains-emi-license\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-06T08:00:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-06T08:23:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/2-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Ahmet Bedirhan Arvas\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ahmet Bedirhan Arvas\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/crypto-com-obtains-emi-license\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/crypto-com-obtains-emi-license\/\",\"name\":\"Crypto.com Obtains EMI License! - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/crypto-com-obtains-emi-license\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/crypto-com-obtains-emi-license\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/2-1.png\",\"datePublished\":\"2023-12-06T08:00:23+00:00\",\"dateModified\":\"2023-12-06T08:23:38+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/b165f3cb898dc90eb7b6d9a3c2563932\"},\"description\":\"Crypto.com has obtained authorization as Electronic Money Institution from the Financial Conduct Authority, the financial regulator of the UK.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/crypto-com-obtains-emi-license\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/crypto-com-obtains-emi-license\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/crypto-com-obtains-emi-license\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/2-1.png\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/2-1.png\",\"width\":1200,\"height\":628,\"caption\":\"Remove term: Crypto.com Obtains EMI License! 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