{"id":32285,"date":"2020-11-24T15:38:39","date_gmt":"2020-11-24T13:38:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32285"},"modified":"2025-08-28T07:55:17","modified_gmt":"2025-08-28T04:55:17","slug":"malta-regulator-grants-in-principle-licenses-to-crypto-com","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/malta-regulator-grants-in-principle-licenses-to-crypto-com\/","title":{"rendered":"Malta regulator grants in-principle licenses to Crypto.com"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The cryptocurrency payments platform Crypto.com has received approval from the Malta Financial Services Authority (MFSA) to obtain a Financial Institution License and a Class 3 Virtual Financial Assets (VFA) License, which will allow it to operate legally in the country.<\/span><span style=\"font-weight: 400;\"> <\/span><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">We\u2019re excited to become one of the first cryptocurrency platforms to receive in-principle approvals for<\/p>\n<p>\u2795 A Class 3 Virtual Financial Assets (VFA) License; and<br \/>\n\u2795 A Financial Institution License<\/p>\n<p>from the Malta Financial Services Authority.<\/p>\n<p>Details: <a href=\"https:\/\/t.co\/pKvYBklAPR\">https:\/\/t.co\/pKvYBklAPR<\/a> <a href=\"https:\/\/t.co\/aggGjAdAql\">pic.twitter.com\/aggGjAdAql<\/a><\/p>\n<p>\u2014 Crypto.com (@cryptocom) <a href=\"https:\/\/twitter.com\/cryptocom\/status\/1331153260426661888?ref_src=twsrc%5Etfw\">November 24, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">As a licensed MFSA financial institution, Crypto.com will be able to offer payment services and issue electronic money.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A Class 3 Virtual Financial Assets (VFA) License<\/span><span style=\"font-weight: 400;\"> allows investment management, safekeeping and trading of cryptocurrencies for both professional and non-professional investors.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The licenses are issued on a preliminary basis. <\/span><span style=\"font-weight: 400;\">Crypto.com CEO Kris Marsalek <a href=\"https:\/\/www.coindesk.com\/crypto-com-malta-financial-services-authority\" target=\"_blank\" rel=\"noopener noreferrer\">explained<\/a> that they would become full after meeting a number of MFSA requirements, but declined to specify what those requirements were.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Marsalek noted that the licenses would help prepare for the enactment of the Markets in Crypto-Assets (MiCA) regulation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As reported in September, the European Commission <a href=\"https:\/\/forklog.com\/en\/news\/eu-plans-to-regulate-cryptocurrencies-on-a-par-with-traditional-financial-assets\"><span style=\"font-weight: 400;\">presented<\/span><\/a><span style=\"font-weight: 400;\"> a preliminary version <\/span><span style=\"font-weight: 400;\">of MiCA.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In April, ForkLog<\/span> <span style=\"font-weight: 400;\">reported<\/span><span style=\"font-weight: 400;\"> that 26 of 83 Maltese regulator VFA license applications had been filed by companies that had previously shown interest.<\/span><\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency payments platform Crypto.com has received approval from the Malta Financial Services Authority (MFSA) to obtain a Financial Institution License and a Class 3 Virtual Financial Assets (VFA) license, which will allow it to operate legally in the country.<\/p>\n","protected":false},"author":1,"featured_media":32286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1452,745,36],"class_list":["post-32285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-com","tag-malta","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=32285"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32285\/revisions"}],"predecessor-version":[{"id":32287,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32285\/revisions\/32287"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/32286"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=32285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=32285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=32285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}