Coinscreed
  • Home
  • News
    • NFT News
    • Metaverse News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • DeFi News
    • Blockchain News
    • Web3 News
    • Press Release
    • Hacks and Scams
    • Sponsored Post
  • Stories
    • Interviews
    • Secret Lives
    • My Life in Crypto
  • Market Analysis
  • Learn
    • Bitcoin
    • Ethereum
    • Cryptocurrency Exchange
    • NFTs
    • DeFi
    • Web3
    • Metaverse
    • Blockchain
    • Trading
    • Crypto Guide
  • Quizzes
Advertise
No Result
View All Result
  • bitcoinBitcoin(BTC)
    $0.00-2.64% 24H
    BITCOIN
    24H : -2.64%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-2.86% 24H
    ETHEREUM
    24H : -2.86%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.00-3.21% 24H
    BNB
    24H : -3.21%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-2.38% 24H
    XRP
    24H : -2.38%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-2.95% 24H
    CARDANO
    24H : -2.95%
    Volume : $0.00
    Marketcap : $0.00
  • terra-lunaTerra Luna Classic(LUNC)
    $0.00-5.25% 24H
    TERRA LUNA CLASSIC
    24H : -5.25%
    Volume : $0.00
    Marketcap : $0.00
Coinscreed
  • Home
  • News
    • NFT News
    • Metaverse News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • DeFi News
    • Blockchain News
    • Web3 News
    • Press Release
    • Hacks and Scams
    • Sponsored Post
  • Stories
    • Interviews
    • Secret Lives
    • My Life in Crypto
  • Market Analysis
  • Learn
    • Bitcoin
    • Ethereum
    • Cryptocurrency Exchange
    • NFTs
    • DeFi
    • Web3
    • Metaverse
    • Blockchain
    • Trading
    • Crypto Guide
  • Quizzes
Advertise
No Result
View All Result
Coinscreed
No Result
View All Result
Home News Crypto Exchange News

Crypto.com becomes the first licensed exchange to offer bank transfers in Malta

Joy Dahunsi by Joy Dahunsi
2 years ago
in Crypto Exchange News, Cryptocurrencies
Reading Time: 3 mins read
A A
Share on FacebookShare on Twitter
Crypto.com, a digital asset trading platform, has announced that it has received an Electronic Money Institution (EMI) license this will allow the company to issue cards and bank transfers to customers in the region.
Crypto.com becomes the first licensed exchange to offer bank transfers in Malta

In a recent announcement, Crypto.com stated that the digital asset exchange has been working closely with the MFSA. The MFSA granted the exchange a Class 3 Virtual Financial Assets (VFA) license two months ago.

The trading site announced on Friday that the EMI license had been obtained, calling it a “watershed moment for the cryptocurrency industry.” Crypto.com says it will work with the MFSA to establish a “compliant crypto trading environment.”

SuggestedArticles

Binance Will Temporarily Suspend US Dollar Bank Transfers

Binance Will Temporarily Suspend US Dollar Bank Transfers

2 days ago
Binance launches new tax reporting tool for crypto users

Binance launches new tax reporting tool for crypto users

3 days ago

In a statement, Kris Marszalek, the founder and CEO of Crypto.com, said, “We have been committed from day one to developing a completely regulated firm.”

ā€œCollaborating with authorities is the most effective approach for us to achieve our goal of hastening the world’s transition to cryptocurrency.

Being the first global cryptocurrency platform to be granted an EMI License by the MFSA is a significant achievement for the entire industry.ā€

Malta has been termed “Blockchain Island” because of its popularity with crypto companies. However, as of April 2020, one analysis projected that around 70% of crypto companies had not acquired MFSA licensure. No digital asset company had gotten a license at the time, and only 26 companies had applied.

The Financial Action Task Force (FATF) recently convened a closed-door conference in which it criticized the island nation of Malta.

According to government sources, nearly $70 billion passed through the country in previous years when controls were slack. However, crypto sector officials disagreed with the FATF’s $70 billion projection, according to the same source.

The announcement of Crypto.com’s MFSA licensure also detailed how the exchange obtained an Australian Financial Service License (AFSL) in December of last year.

In March 2021, Crypto.com was also granted Principal Membership by Visa. Following the AFSL approval, the company announced that it would soon be providing Crypto.com Visa Cards.

Tags: Bank transfersCrypto.comEMI licenseMalta

Oh hi there šŸ‘‹
It’s nice to meet you.

Sign up to receive a weekly round-up of the latest happenings in the crypto space!

We don’t spam! Read our privacy policy for more info.

Please check your inbox or spam folder to confirm your subscription.

Coinscreed

Copyright Ā© 2022 Coinscreed

Navigate Site

  • About
  • Advertise
  • Contact Us
  • Partners
  • Privacy & Policy
  • Crypto Price Charts

Follow Us

No Result
View All Result
  • Home
  • News
  • Stories
    • Interviews
    • My Life in Crypto
    • Secret Lives
  • Market Analysis
  • Learn
    • Bitcoin
    • Blockchain
    • Crypto Guide
    • Cryptocurrency Exchange
    • DeFi
    • Ethereum
    • Metaverse
    • NFTs
    • Trading
    • Web3
  • Contact Us

Copyright Ā© 2022 Coinscreed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Join our Telegram ChannelĀ 

Stay on top of Crypto News! Get Daily updates

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing!