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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.

Updated Sep 14, 2021, 1:22 p.m. Published Jul 8, 2021, 10:30 a.m.

Cryptocurrency exchange Crypto.com has received an electronic money institution (EMI) license in Malta.

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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.