Cryptocurrency exchange Crypto.com has received a Payment Institution License (EMI) from the Brazilian central bank.
Crypto exchange Crypto.com (CRO) has obtained an EMI license from the Central Bank of Brazil according to an announcement made by the company. The license will allow the exchange to continue offering regulated fiat wallet services to users in Brazil – one of the most active Latin American countries in the crypto space. The license also makes Crypto.com the first licensed cryptocurrency exchange in Brazil. Crypto.com has been present and active in the country since November 2021 when it first introduced its Visa card to customers to make purchases with local fiat and their digital assets.
Crypto.com CEO, Kris Marszalek, commented on obtaining the EMI license, saying: