May was another noteworthy and fast-paced month for Crypto.com. We became the first cryptocurrency company to receive a Class 3 Virtual Financial Assets (VFA) License from the Malta Financial Services Authority (MFSA), and the first cryptocurrency exchange to announce the use of CipherTrace's Traveler solution.
In response to rising concerns about the environmental impact of crypto mining, we announced the ambitious goal of becoming carbon negative within the next 18 months. The process, which has been in the works for some time, will be carried out in three phases. We will involve a third-party auditor to offer accountability to Crypto.com users and the general public.
Following the release of our *Digimentality* report with The Economist Intelligence Unit last April, we published the second annual report to explore the extent to which digital payments are trusted by consumers, and the barriers that still exist for the mainstream adoption of digital monetary functions.
We also announced new partnerships with the 2021 Coppa Italia and the International Ice Hockey Federation (IIHF) World Championship. Special NFTs for both events are now exclusively available on Crypto.com/NFT. Read on for details about these updates and more: [https://blog.crypto.com/crypto-com-may-2021-updates/](https://blog.crypto.com/crypto-com-may-2021-updates/)