Welcome to Crypto.com: Your Gateway to Digital Assets
In the rapidly evolving world of digital currencies and blockchain technology, navigating the intricacies of cryptocurrencies can be daunting. Enter Foris DAX MT Limited, a company incorporated in Malta that is making waves in the crypto landscape by operating under the name Crypto.com. With a company registration number of C 88392, their registered office is conveniently located at Level 7, Spinola Park, Triq Mikiel Ang Borg, SPK 1000, St. Julians, Malta.
Regulatory Compliance and Licensing
Foris DAX MT Limited is not just any crypto enterprise; it is duly authorized by the Malta Financial Services Authority (MFSA) as a Crypto-Asset Service Provider. This designation comes in accordance with Regulation 2023/1114 on Markets in Crypto-Assets, as implemented by the Markets in Crypto Assets Act in Malta. This regulatory backing ensures that users can engage with its services in a secure and legally compliant environment.
The range of services offered by Foris DAX MT Limited is extensive. They include:
- Exchange of crypto-assets for funds
- Exchange of crypto-assets for other crypto-assets
- Reception and transmission of orders for crypto-assets on behalf of clients
- Execution of orders for crypto-assets on behalf of clients
- Transfer services for crypto-assets on behalf of clients
- Custody and administration of crypto-assets on behalf of clients
Understanding Cash Accounts and Financial Services
Another significant offering from the group is the Cash Account managed by Foris MT Limited. This company, also in Malta and registered under company number C 90348, specializes in providing various financial services. Foris MT Limited is notably licensed as a Financial Institution authorized to issue electronic money. This is a vital function for users looking to manage their finances in tandem with their crypto portfolio.
Additionally, the Crypto.com Visa Card is also issued by Foris MT Limited, granting users the convenience of spending their cryptocurrencies in everyday transactions. Thanks to its Visa Principal Member (Issuing) license, this card offers flexibility and ease of use, transforming the way individuals interact with digital currencies in the real world.
The Value of Diversified Offerings
While Foris DAX MT Limited and Foris MT Limited provide a robust framework for certain regulated services, it’s important to recognize that not all offerings advertised on the Crypto.com platform are backed by these institutions. Any additional products or services presented on the website or within the app may originate from other group companies and are not regulated under the same umbrella. Therefore, understanding which services fall under each company is crucial for users navigating the platform.
The Risks of Trading in Crypto-Assets
As enticing as the world of crypto-assets may be, potential investors should approach with caution. Trading and holding these digital currencies come with inherent risks that may not be suitable for everyone. The volatility associated with cryptocurrencies means that past performance is not indicative of future results. Thus, it’s essential to carefully evaluate your financial situation and risk tolerance before diving into crypto investments.
For those seeking more information about the potential risks involved, detailed disclosures can be found here. It’s crucial to arm oneself with knowledge in this speculative market to make informed decisions.
Contacting Crypto.com for Assistance
If you have any questions or require assistance, reaching out to Crypto.com’s support team can provide clarity. They are available to help guide you through your crypto journey and address any concerns you may have. For those who prefer face-to-face interaction, their office is located at Level 7, Spinola Park, Triq Mikiel Ang Borg, St Julians SPK 1000, Malta.
