Crypto.com receives yet another regulatory approval from European authorities.
Crypto.com, a Singapore-based cryptocurrency exchange established in 2016, has received regulatory approval from the stock market regulator Autorité des marchés financiers (AMF) in France.
According to the announcement shared on September 28th, the company was registered as Digital Asset Service Provider (DASP) after it received a green light from the county’s financial regulator Autorité de Contrôle Prudentiel et de Résolution (ACPR).
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Crypto.com will provide a “suit of product and service” in compliance with local laws and regulations.
In its announcement, the crypto exchange highlighted that ACPR thoroughly investigated the company to minimize the risks of money laundering and terrorism financing.
When talking about the expansion to France, Crypto.com CEO Kris Marszalek noted:
The European market is central to the long-term growth and success of Crypto.com and we are tremendously proud to now receive registration in France from the AMF. We look forward to continuing to work with the AMF and the ACPR as we introduce our products and services in France, offering users a comprehensive, safe, and secure crypto platform.
Despite volatile market conditions, Crypto.com continues to expand across the world, especially in Europe, claiming that it has more than 50 million users worldwide.
In July, the crypto exchange received Securities and Exchange Commission’s regulatory approval to operate in Cyprus and Italy’s Organismo Agenti e Mediatori (OAM) registration to “provide virtual currency and digital wallet services.” Across Europe, Crypto.com has also scored licenses in the United Kingdom and Greece.
During the summer, the crypto exchange received a significant amount of registration approvals from regulators across the globe. The company holds regulatory licenses from the Monetary Authority of Singapore, the Dubai Virtual Assets Regulatory Authority, the Cayman Islands Monetary Authority, and South Korea. Crypto.com received a pre-registration undertaking from the Ontario Securities Administration in Canada.