Crypto.com secures FCA registration for certain cryptoasset activities
Cryptocurrency platform Crypto.com is now listed on the register managed by the UK Financial Conduct Authority (FCA).
FORIS DAX UK LIMITED, operating as Crypto.com, is registered for certain cryptoasset activities in the UK.
This registration will enable Crypto.com to offer a suite of products and services to customers in the UK, compliant with local regulations.
According to the FCA register, the UK Financial Ombudsman Service will not be able to consider a complaint about this firm. Also, the Financial Services Compensation Scheme will not be able to consider a claim against this firm if it fails.
“This is a significant milestone for Crypto.com, with the UK representing a strategically important market for us and at a time when the government is pushing forward with its agenda to make Britain a global hub for crypto asset technology and investment.” said Kris Marszalek, Co-Founder and CEO of Crypto.com. “We are committed to the UK market and we look forward to developing our platform and presence in the UK further by expanding our offering to customers, while continuing to work with regulators.”
In March, Crypto.com announced several senior hires in the UK, including the appointment of a UK General Manager and a Global Head of Sustainability and ESG.
Crypto.com continues to actively grow and expand its ecosystem, with more than 50 million users worldwide. Today’s announcement continues Crypto.com’s regulatory license momentum, having recently received in-principle approval for a Major Payment Institution License from the Monetary Authority of Singapore, provisional approval of its Virtual Asset License from the Dubai Virtual Assets Regulatory Authority, Electronic Financial Transaction Act and Virtual Asset Service Provider registration in South Korea, registration in Italy from the Organismo Agenti e Mediatori (OAM), registration in Greece from the Hellenic Capital Market Commission, registration in Cyprus from the Securities and Exchange Commission, regulatory approval from the Cayman Islands Monetary Authority, and a pre-registration undertaking with the Ontario Securities Administration in Canada.