Crypto.com Has Secured Payment Institution License In Brazil

The Central Bank of Brazil has granted Crypto.com a Payment Institution License (EMI).

This license will allow the exchange to continue providing regulated fiat wallet services to Brazilian consumers. The Crypto.com Visa Card has been accessible in Brazil since November 2021, allowing clients to make purchases using both local money and cryptos.

Kris Marszalek, CEO of Crypto.com, stated:

“Brazil and the entire LATAM market is a significant region in the pursuit of our vision of cryptocurrency in every wallet. We are incredibly proud to secure the license in Brazil, allowing us to lead as a safe, secure, and compliant platform. We look forward to continuing working with regulators and authorities throughout the region in advancing cryptocurrency and blockchain technology.”

Marcos Jarne, General Manager and Head of Legal, LATAM of Crypto.com, said:

“Latin America is a major driver in crypto adoption and regulators have also been playing a key role to foster this.”

Previously, Crypto.com has received in-principle approval of its Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) and regulatory approval as a Digital Asset Service Provider by the Autorité des marchés financiers (AMF) in France.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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