Crypto.com receives an Electronic Money Institution (EMI) license from Malta

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Crypto.com announced that it is the first global cryptocurrency platform to receive an Electronic Money Institution (EMI) license from the Malta Financial Services Authority (MFSA)

In a week full of premieres for Crytpo.com, the company announced its latest news in the form of a license approval outside of Malta. The company has received the Electronic Money Institution (EMI) license from the Malta Financial Services Authority (MFSA).

The license now gives the popular crypto card company the ability to issue cards and offer bank transfers directly to consumers.

The latest announcement comes just two months after the company received a Class Three Virtual Financial Assets (VFA) license from the MFSA.

Speaking on the news, Crypto.com CEO Kris Marszalek admitted the company is committed to making sure it is a fully regulated business. Being the first global cryptocurrency platform to receive an EMI license from the MFSA is a major milestone for the industry as a whole. We pride ourselves on leading the industry in regulatory compliance, ensuring consumer safety and protection in the EU and look forward to securing licenses in every country we operate in, he said. .

Crypto.com doesn’t stop there

The company also recently acquired an Australian Financial Services License (AFSL). Three months later, Crypto.com also announced that it had received primary membership with the card payment processor, Visa. The company plans to roll out Visa cards in Australia in the future.

Sports partnership agreements are also coming

It looks like the good news for Crypto.com doesn’t end. The approval of the EMI license comes days after the company announced two major sports partnership agreements. The company is now the UFC’s first-ever official Global Fight Kit Partner, as well as the UFC’s first-ever official cryptocurrency platform partner. The platform also announced that it is now the official global partner of Formula 1 and the inaugural partner of the F1 Sprint series.

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