Crypto.com is registered with the UK Financial Conduct Authority

[Crypto.com is registered with the UK Financial Conduct Authority] Jinse Finance reported that according to data from the UK Financial Conduct Authority (FCA), the digital asset trading platform Crypto.com was registered with the financial regulator on Tuesday. The Singapore-based company, which serves more than 50 million customers, is now authorized to carry out "certain crypto asset activities" in the U.K. The exact content-zce of the activities remains unclear, according to local media CityA.M. More details will be announced on Wednesday.

Prior to June, Crypto.com laid off 5% of its staff, or about 260 employees. Crypto.com is undergoing another round of layoffs, the latest of which has not been publicly announced, multiple sources told Decrypt.

Other news:

Crypto.com App has launched Beefy Finance (BIFI): According to the official announcement, Crypto.com App has launched Beefy Finance (BIFI).

Crypto.com App users can now purchase BIFI with USD, EUR, GBP and 20+ fiat currencies and use the Crypto.com Visa Card to spend at over 80 million merchants worldwide. [2022/1/21 9:04:50]

CryptoPhd DAO registration campaign ZT DAO decentralized community organization: According to official news, the ZT Foundation has launched the ZT DAO decentralized community organization, and started the registration campaign from June 1st to June 30th. This activity attracted many blockchain communities and blockchain enthusiasts to participate in the circle. For example, CryptoPhd DAO has successfully signed up and locked 50,000 ZTB.

ZT DAO is a blockchain community jointly established by people in the blockchain industry and blockchain enthusiasts. It is a decentralized community organization affiliated to the ZT Foundation. It aims to use blockchain technology as the underlying application layer to enrich and improve ZT ecology. At the same time, the ZT Foundation will take out 10 million ZTB to reward all ZT DAO participants and contributors. [2021/6/3 23:07:23]

Crypto.com will find a long-term solution for its crypto debit card project: Golden Finance reports that credit card lender and wallet provider Crypto.com said it was affected by the Wirecard debacle. Crypto.com will have to keep user funds safe and compensated accordingly. This special process is in progress and should be completed within the next few business days. Additionally, Crypto.com needs to find a long-term solution for its crypto debit card project. For now, the project will also be transferred to a new company. [2020/7/2]