Crypto.com secures regulatory approvals from Maltese authorities

Crypto.com secures regulatory approvals from Maltese authorities

The MFSA is finally issuing the first licenses formed under the crypto laws introduced in 2018. Cryptocurrency exchange and debit card provider Crypto.com has scored major regulatory approvals from the Maltese government.According to a Nov. 24 announcement, the Malta Financial Services Authority, or MFSA, has granted Crypto.com two financial licenses: a Financial Institution License and a Class 3 Virtual Financial Assets, or VFA, License.The Financial Institution License officially enables Crypto.com to provide payment services and issue electronic money. A Class 3 VFA License allows....


Related News

Paxos And USDC Issuer Circle Receive Regulatory Approval From Singapore

In a recent development, the stablecoin issuers Circle and Paxos have received approvals in Singapore. According to the report, the Monetary Authority of Singapore (MAS) signed the licenses for the firms. Regulatory licenses and approvals have become mandatory in almost all jurisdictions for crypto-related companies. Most countries are using regulatory approvals as a measure to […]

VAIOT Becomes the First Regulated Blockchain Project under Malta’s VFA Act

VAIOT, a novel blockchain and AI-based intelligent contracts platform, has created a milestone by becoming the first digital services business to register its whitepaper with the Maltese authorities under its new regulatory framework for regulating digital assets. The successful registration of the project’s documents with the Malta Financial Services Authority (MFSA) ensures the upcoming VAI […]

Dubai regulation check: Which companies got approvals recently?

In July, exchanges flocked to get approvals under Dubai’s Virtual Asset Regulatory Authority to expand their operations within the region. Dubai has positioned itself as one of the most crypto-friendly cities, having established a new regulator to cement the United Arab Emirates’ position in the crypto space. Following the move, crypto exchanges began to flock to the region, securing the newly formed regulator's approval to operate within the region. In March, Dubai’s authorities announced a new law on crypto assets and established a new regulating body called the Dubai Virtual Asset....

CoinDeal Obtains in-Principle Approval for Maltese Class 4 VFA License

PRESS RELEASE. CoinDeal is pleased to announce that it is now the first publicly known company to have obtained a Class 4 Virtual Financial Assets License in Principle Approval from the Malta Financial Services Authority (MFSA). The exchange received the letter on 16 December, 2020. This allows CoinDeal to provide the following VFA services to both Experienced and Non-Experienced investors: Operation of a VFA Exchange, Dealing on own account and Holding and controlling of clients’ assets and money. In-principle approval means that the exchange received ‘in-principle....

UAE regulators approve crypto trading in Dubai free zone

Dubai authorities continue driving more adoption to the cryptocurrency industry by pushing more regulatory approvals. Financial regulators in the United Arab Emirates have reached an arrangement to officially allow and support cryptocurrency trading in an economicfree zone in Dubai.The Dubai World Trade Centre Authority (DWTCA) announced Wednesday that it had signed an agreement with the UAE’s Securities and Commodities Authority (SCA) to support the regulation and trading of crypto assets within the DWTCA free zone.The new initiative establishes a framework enabling the DWTCA to issue....