Singapore-based crypto exchange Crypto.com has obtained a license in Spain, registering as a virtual asset service provider with the Bank of Spain, the country's central bank. The approval will allow Crypto.com to offer a range of crypto-related services and products to Spanish users. For registration, the platform had to undergo a comprehensive review of its compliance with the local anti-money laundering regulations and other financial crimes rules. - Crypto.com CEO Kris Marszalek said the latest registration demonstrates their commitment to compliance and working with regulators while responsibly improving crypto and blockchain technology.
- The approval came several weeks after the company received a license in Singapore from the city-state's financial market regulator to legally offer its digital asset services.
- In addition to Spain and Singapore, the firm also has regulatory approvals in France, the U.K., Dubai, South Korea, Australia, Italy, Greece, and the Cayman Islands, along with a pre-registration undertaking with the Canadian regulators.
The Spanish central bank opened registrations for crypto service providers in 2021. - Since then, several other crypto exchanges, including Binance and Bitstamp, were also registered with the regulator.
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