Singapore-based crypto exchange Crypto.com announced today its UK entity FORIS DAX UK LIMITED had received regulatory approval from the UK Financial Conduct Authority (FCA) as a cryptoasset business. The UK entity is led by US citizen Antonio Alvarez Lorenzo, Briton John Nicolas Charteris, and Brazilian co-founder and group CFO Rafael Melo, who is also listed as a controlling person. FORIS DAX MT LIMITED already received a Class 3 Virtual Financial Assets Service Provider license from the MFSA in Malta.
Crypto.com recently received in-principle approval for a Major Payment Institution License from the Monetary Authority of Singapore (MAS), 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 CySEC, from the Cayman Islands Monetary Authority, and a pre-registration undertaking with the Ontario Securities Administration in Canada.
Founded in 2016, Crypto.com serves over 50 million customers globally and is one of the world’s fastest-growing crypto exchanges. Chief Executive Kris Marszalek has stressed Crypto.com’s commitment to compliance with regulatory frameworks.
