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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.
Read more: Crypto.com Expanding Payment Card to Australia After Becoming Visa Principal Member
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