he Bank of Spain has officially registered Crypto.com as a virtual asset service provider (VASP), expanding the company’s service capabilities across Europe.
The Bank of Spain has registered Crypto.com as a virtual asset service provider (VASP) for the cryptocurrency platform. The regulatory achievement broadens its service offering throughout Europe.
The company’s dedication to user protection and compliance with the Anti-Money Laundering Directive (AMLD) and other financial crimes legislation are both reflected in this registration. With the achievement of this milestone, Crypto.com is now permitted to provide its full range of goods and services to customers in Spain.
The CEO of Crypto.com, Kris Marszalek, underlined the company’s commitment to compliance and cooperation with authorities in advancing cryptocurrency and blockchain technologies responsibly.
We are excited to partner with the Bank of Spain as we introduce our products and services to the market and give users the complete, secure, and safe crypto experience they want.
This most recent accomplishment increases the number of regulatory licenses held by Crypto.com. The business has previously received numerous registrations and permissions from well-known regulatory bodies throughout the world, as well as the Major Payment Institution (MPI) licences for the issue of digital payment tokens (DPT) and e-money.
The Monetary Authority of Singapore, the Autorité des marchés financiers (AMF) in France, the Financial Conduct Authority (FCA) in the UK, the Dubai Virtual Assets Regulatory Authority (VARA), as well as regulatory agencies in South Korea, Australia, Italy, Greece, Cyprus, and the Cayman Islands are some of these.
Additionally, the Commodity Futures Trading Commission (CFTC) in the US has granted regulatory permission to Crypto.com. Additionally, the Ontario Securities Commission and Canada Securities Administrators have pre-registration commitments with Crypto.com.
The company, which was established in 2016, claimed that its ‘Cryptocurrency in Every Wallet’ mission is fueled by a vision to make cryptocurrencies accessible to everyone.