VASPCheck

VASP Compliance Summary — Crypto.com

Foris DAX MT Limited · Exchange · Singapore

Exported 2026-08-25

Data reviewed 2026-08-06

Overview

Compliance snapshot

Overall regulatory statusAuthorized

EU MiCA statusMiCA authorized

MiCA CASP authorization — MFSA, Malta — EU/EEA passporting live
MAS Major Payment Institution licence (Singapore)
Trustpilot 3.7/5 · 27,300 reviews
Historic AML fine in the Netherlands (2023)

Medium concern

Broad licence coverage including a Maltese MiCA authorization, but aggressive retail marketing and prior local supervisory findings warrant monitoring.

Authorizations

Licenses & registrations

Jurisdiction	Regulator	Authorization	Status	Reference	Granted
Malta	Malta Financial Services Authority MFSA · https://www.mfsa.mt/financial-services-register/	MiCA CASP authorization	Authorized	C-MT-2025-0016	2025-01-27
Singapore	Monetary Authority of Singapore MAS · https://eservices.mas.gov.sg/fid	Major Payment Institution licence (DPT)	Authorized	PS20220089	2023-06-01
United Kingdom	Financial Conduct Authority FCA · https://register.fca.org.uk	Cryptoasset firm registration (AML)	Registered	FRN 931002	2022-08-18
United States	Financial Crimes Enforcement Network FinCEN · https://www.fincen.gov/msb-registrant-search	MSB registration	Registered	31000-1147-2210	2019-11-08

Reputation

Reputation scores

Trustpilot-style score3.7 / 5

Reviews27,300

App Store4.4

Google Play3.9

12-month trendflat

Press sentiment (12m)+4 / ~3 / −4

Media

Recent press

Date	Source	Headline & summary	Sentiment
2026-07-02	Bloomberg	Platform expands EU card programme A revised prepaid card offering launched across several EU markets.	Positive
2026-04-25	Reuters	Consumer group challenges reward marketing A European consumer body questioned advertised cashback rates.	Negative
2026-02-03	CoinDesk	Exchange publishes reserve attestation An independent firm confirmed reserves for the twenty largest assets.	Positive
2025-12-01	Financial Times	Sponsorship spending draws scrutiny Analysts questioned the return on large sports marketing deals.	Neutral
2025-09-16	Reuters	Support response times criticised by users Complaint volumes rose during a period of platform migration.	Negative

Risk events

Incidents & enforcement

Date	Type	Amount	Description
2023-01-31	Fine	EUR 2,850,000	Dutch central bank penalty for operating without the required registration for a period.
2022-01-17	Hack	USD 34,000,000	Unauthorised withdrawals affecting approximately 480 accounts; customers were fully reimbursed.

Profile

Key facts

Founded2016

Websitecrypto.com

Fiat currenciesEUR, USD, GBP, SGD, AUD

Proof of reservesYes

Custody modelOmnibus custody with third-party attestation

Legal entitiesForis DAX MT Limited (MT) · Foris DAX Asia Pte Ltd (SG) · Foris DAX UK Ltd (UK)

Crypto.com

AuthorizedMiCA authorizedESMA register

Foris DAX MT Limited

Exchange🇸🇬 Singapore Founded 2016crypto.com

Visit website

Last reviewed

2026-08-06

Compliance snapshot

MiCA CASP authorization — MFSA, Malta — EU/EEA passporting live
MAS Major Payment Institution licence (Singapore)
Trustpilot 3.7/5 · 27,300 reviews
Historic AML fine in the Netherlands (2023)

Overall concern

Medium concern

Broad licence coverage including a Maltese MiCA authorization, but aggressive retail marketing and prior local supervisory findings warrant monitoring.

Regulatory

Licenses & registrations

Jurisdiction	Regulator	Authorization	Status	Reference	Granted
🇲🇹 Malta	Malta Financial Services AuthorityMFSA	MiCA CASP authorization	Authorized	C-MT-2025-0016	2025-01-27
🇸🇬 Singapore	Monetary Authority of SingaporeMAS	Major Payment Institution licence (DPT)	Authorized	PS20220089	2023-06-01
🇬🇧 United Kingdom	Financial Conduct AuthorityFCA	Cryptoasset firm registration (AML)	Registered	FRN 931002	2022-08-18
🇺🇸 United States	Financial Crimes Enforcement NetworkFinCEN	MSB registration	Registered	31000-1147-2210	2019-11-08

🇲🇹 Malta
Authorized
MiCA CASP authorization
Malta Financial Services AuthorityMFSA
C-MT-2025-00162025-01-27
🇸🇬 Singapore
Authorized
Major Payment Institution licence (DPT)
Monetary Authority of SingaporeMAS
PS202200892023-06-01
🇬🇧 United Kingdom
Registered
Cryptoasset firm registration (AML)
Financial Conduct AuthorityFCA
FRN 9310022022-08-18
🇺🇸 United States
Registered
MSB registration
Financial Crimes Enforcement NetworkFinCEN
31000-1147-22102019-11-08

User signals

Reputation

Trustpilot-style score

3.7/ 5

3.7

27,300 reviews

Stable (12m)

App ratings

App Store: 4.4
Google Play: 3.9

Press sentiment (12m)

Positive4

Neutral3

Negative4

Media

Recent press

2026-07-02
Platform expands EU card programmePositive
Bloomberg — A revised prepaid card offering launched across several EU markets.
2026-04-25
Consumer group challenges reward marketingNegative
Reuters — A European consumer body questioned advertised cashback rates.
2026-02-03
Exchange publishes reserve attestationPositive
CoinDesk — An independent firm confirmed reserves for the twenty largest assets.
2025-12-01
Sponsorship spending draws scrutinyNeutral
Financial Times — Analysts questioned the return on large sports marketing deals.
2025-09-16
Support response times criticised by usersNegative
Reuters — Complaint volumes rose during a period of platform migration.

History

Incidents & enforcement

2023-01-31FineEUR 2,850,000
Dutch central bank penalty for operating without the required registration for a period.
2022-01-17HackUSD 34,000,000
Unauthorised withdrawals affecting approximately 480 accounts; customers were fully reimbursed.