Crypto.com receives regulatory approval to offer crypto services in Spain
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!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:
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.
Related: Crypto.com adds Pay support for MATIC, USDC and DAI
Crypto.com like most other crypto businesses, thrived during the 2021-22 bull market, expanding its partnerships into the mainstream and obtaining regulatory approval in multiple jurisdictions. The platfrom made headlines when it
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