Wins Electronic Money Institution License in the UK has secured a second license from the UK’s Financial Conduct Authority (FCA).

woman using her phone for digital money mascot Lion right beside her.
Created by Kornelija Poderskytė from DailyCoin
  • has won a second license in the UK.
  • The exchange secured the Electronic Money Institution authorization.
  • The license enables to offer various financial services in the UK.

Singapore-based cryptocurrency exchange has been licensed to operate as an Electronic Money Institution (EMI) in the United Kingdom (UK).

Issued by the UK’s Financial Conduct Authority (FCA), the EMI license is a broad authorization that allows firms to offer and manage electronic money and provide wide-ranging financial services. Secures FCA’s EMI Authorization 

According to a press release dated December 4, has received the FCA’s EMI authorization to offer “a suite of UK-localized e-money products.”

Sponsored CEO Kris Marszalek lauded the win, noting that the UK remains an important market for the company’s business and the greater digital assets 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,” Marszalek stated.

Today’s approval follows the company’s registration as a crypto asset business with the FCA in 2022. Unlike the EMI license,’s approval in the FCA’s crypto asset register mandates the company to comply with the UK’s anti-money laundering and counter-terrorist financing provisions.

Other crypto-native companies awarded the EMI license in the UK include Coinbase and Gemini.


As governments and institutions worldwide call for crypto regulation, has taken proactive steps to foster global regulatory compliance.

“The Industry Leader” in Regulatory Compliance

Founded in 2016, prides itself as an exchange trusted by over 80 million customers and “the industry leader in regulatory compliance, security, and privacy.”

Besides the two FCA authorizations,’s multi-licensing momentum has been on for a while. The company holds Singapore’s Major Payment Institution (MPI) license for Digital Payment Token (DPT), France’s Digital Asset Service Provider (DASP), and Dubai’s Virtual Asset Service Provider License (VASP), pending operational approval.

Other regulatory authorizations awarded to include VASP registration statuses in Spain and South Korea.

Read more about’s Earn Plus: Earn Plus: Deep Dive and How to Get Started

Stay updated on’s win in the Netherlands: Approved to Register and Operate in the Netherlands

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.