A significant milestone in TPF’s commitment to expanding its offerings in the digital finance.
London, United Kingdom – TPF is pleased to announce that it has received in-principle approval from the Malta Financial Services Authority (MFSA). This achievement underscores TPF Crypto’s dedication to regulatory compliance and its innovative approach to providing EMI clients with enhanced payment options.
The license enables TPF to further develop and expand its product offerings for cryptocurrency solutions, marking a pivotal step in the company’s strategy to grow and innovate within the digital financial services sector. This approval reflects TPF’s commitment to strengthening its capabilities and delivering a comprehensive range of financial solutions for its customers.
The MFSA’s in principle approval grants TPF Crypto a Class 2 Virtual Financial Assets Act (VFAA) license, allowing it to operate as a regulated provider of Virtual Financial Asset services. With this license, TPF clients will soon be able to custody, settle, and process payments in cryptocurrency—a powerful addition to TPF’s current eWallet and payment card products.
Malta has been a proactive supporter of VFA-compliant companies since 2019, fostering a secure environment for growth in the fintech sector. Its regulatory framework aligns with the upcoming MiCA regulation, facilitating a smooth transition for service providers looking to operate across the EU.
This approval builds on TPF’s commitment to regulatory standards across various regions, including the UK and Malta. TPF is focused on fostering a responsible payment ecosystem for clients seeking to add cryptocurrency options.
Dina Rudaka, CEO of TPF, commented, “We have observed increasing adoption of cryptocurrency payments among our clients. It is natural for us to embrace the regulatory process and establish a sister company to serve these clients with their crypto needs. Long term, we aim to create a full-cycle experience, enabling clients to accept, settle, and utilize crypto with their business partners and end users.“
About TPF
At TPF, we’re redefining how businesses and individuals make and take payments. Payments are an essential part of our complex daily lives, and we believe they should be as simple and seamless as possible. That’s why TPF exists — to empower businesses and individuals with effortless ways to make and take payments.
TPF is a fully licensed Electronic Money Institution founded by entrepreneurs with a successful track record in financial services. Combining deep expertise, cutting-edge technology, and exceptional customer support, we aim to become a global leader in digital payment solutions.
We embrace unconventional businesses, those with unique needs or operating in emerging sectors. We have deep expertise in the challenges they face, and it’s our mission to help them grow quickly and securely by providing business accounts, payment processing services, digital wallets, and virtual card processing tailored to their challenges.
For more information about TPF’s crypto services and other offerings, please visit www.tpf.co or contact marketing@tpf.co