Crypto.com outlines Malta regulatory status and scope of licensed services
Group details authorisations for its Maltese entities as EU crypto regulation takes effect, while warning users of investment risks
Crypto.com has set out the regulatory authorisations and service scope of two of its Maltese operating entities, as the group positions itself under Europe’s new crypto-asset regulatory framework.
In a statement, Foris DAX MT Limited and Foris MT Limited, both of which operate under the Crypto.com brand, detailed the licences under which they provide services to customers.
Foris DAX MT Limited is incorporated in Malta and authorised by the Malta Financial Services Authority as a Crypto-Asset Service Provider under the EU’s Markets in Crypto-Assets regulation, formally known as Regulation 2023/1114, as implemented locally through the Markets in Crypto Assets Act.
Under that authorisation, the company is permitted to offer a defined set of crypto-asset services. These include the exchange of crypto-assets for fiat currency and for other crypto-assets, the reception and transmission of crypto-asset orders on behalf of clients, execution of those orders, transfer services for crypto-assets, and the custody and administration of crypto-assets for customers.
Crypto.com said cash account services and its branded Visa card fall under a separate regulated entity. Foris MT Limited, also incorporated in Malta, is licensed by the Malta Financial Services Authority as a financial institution authorised to issue electronic money under the Financial Institutions Act. The Crypto.com Visa Card is issued and promoted by Foris MT Limited under its Visa Principal Member issuing licence, the company said.
The group stressed that other products and services accessible through the Crypto.com app or website may be provided by different group companies and do not fall within the regulated activities of either Foris DAX MT Limited or Foris MT Limited.
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Crypto.com also reiterated standard risk warnings, noting that trading or holding crypto-assets involves risk, may not be suitable for all investors and that past performance should not be seen as an indicator of future results.
The disclosure comes as crypto firms operating in Europe adjust to the full rollout of MiCA, which introduces harmonised licensing and conduct requirements across EU member states and is expected to reshape how digital asset platforms structure and present their services to users.
The Recap
- Foris DAX MT and Foris MT are Maltese registered companies.
- Foris DAX MT is authorised to provide six crypto services.
- Contact details and office address for Malta support are provided.
