Crypto.com receives regulatory approval to offer crypto services in Spain
The latest regulatory approval for the crypto exchange comes within weeks of getting a MPI license from regulators in Singapore
Singapore based cryptocurrency exchange service provider Crypto.com has obtained a virtual asset service provider (VASP) registration from the Bank of Spain. The regulatory approval would allow the exchange to offer a range of crypto-focused services to customers in Spain, a country which has shown a positive crypto stance in recent times.
The crypto exchange platfrom had to undergo a comprehensive review of its Anti-Money Laundering Directive (AMLD) compliance and adhere to other financial crimes laws before getting the nod. The latest regulatory approval in Spain comes within weeks of obtaining a major payment institution (MPI) license for digital payment token (DPT) services by the Monetary Authority of Singapore (MAS).
We're excited to share our latest regulatory achievement in Europe!
— Crypto.com (@cryptocom) June 23, 2023
We have obtained our Virtual Asset Provider Registration in Spain
Learn more:https://t.co/ZGmgE9n937 pic.twitter.com/fmkWt6npvK
Kris Marszalek, CEO of Crypto.com called its latest entry into the Spanish crypto market a testimony of their “commitment to compliance” while adding:
“We look forward to continuing to work with the Bank of Spain as we launch our products and services in-market and providing users with the comprehensive, safe and secure crypto experience that they desire.”
The latest regulatory approval helped the crypto exchange become a regulated platform in nearly a dozen countries. Apart from Spain, the firm has obtained regulatory nod in Singapore, France, United Kingdom, Dubai, South Korea, Australia, Italy, Greece, Cayman Islands, and a pre-registration undertaking with Ontario Securities Commission and Canada Securities Administrators.
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