Monday, November 25, 2024

Regulatory Radar: Crypto Exchange Crypto.com Secured Regulatory Approval In France!

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Last week, the crypto exchange Crypto.com announced that it had been registered in France as a Digital Asset Service Provider (DASP) by the Autorité des marchés financiers (AMF) following clearance from the Autorité de Contrôle Prudentiel et de Résolution (ACPR). The crypto exchange serves over 50 million customers and bills itself as the world’s fastest-growing crypto platform. Crypto.com has been receiving regulatory approval across several jurisdictions worldwide.

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,” said Kris Marszalek, CEO of Crypto.com. “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.

Crypto.com has recently received regulatory approvement from the Monetary Authority of Singapore (MAS), registration approval as a cryptoasset business from the UK Financial Conduct Authority (FCA), provisional approval of its Virtual Asset License from the Dubai Virtual Assets Regulatory Authority, Electronic Financial Transaction Act and Virtual Asset Service Provider registration in South Korea, registration in Italy from the Organismo Agenti e Mediatori (OAM), registration in Greece from the Hellenic Capital Market Commission, registration in Cyprus from the Cyprus Securities and Exchange Commission CySEC), regulatory approval from the Cayman Islands Monetary Authority, and a pre-registration undertaking with the Ontario Securities Administration (OSC) in Canada.