The UK’s Regulator Grants an Electronic Money Institution License to
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The Financial Conduct Authority (FCA), the financial regulator of the United Kingdom, has granted crypto platform an Electronic Money Institution (EMI) license more than a year after the company registered as a crypto asset business with the regulator, the company announced on 4 December.

As an EMI holder, the company will be allowed to issue and manage electronic money and provide a wider range of financial services. According to the statement, the firm will now be able to offer UK-localized e-money products. Kris Marszalek said:

"The UK has and continues to be a hugely important market for our business and the greater industry. We look forward to continuing to collaborate with a global regulatory leader in the FCA in our collective pursuit of responsible innovation for crypto."

Other crypto exchanges that have previously received an EMI license include Coinbase and Gemini.

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