Crypto.com obtains VASP license to offer crypto services in Spain

Crypto.com obtains VASP license to offer crypto services in Spain
фото показано с : invezz.com

2023-6-23 13:28

Singapore-based crypto exchange Crypto.com has secured Virtual Asset Service Provider (VASP) license from the Bank of Spain. The latest effort comes after a crucial evaluation of Crypto.com’s adherence to financial legislations such as money laundering.

The certificate will allow the trading firm to offer various cryptocurrency services and goods to Spanish participants.

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

— Crypto.com (@cryptocom) June 23, 2023 The journey to securing the license

Obtaining the certificate from the Bank of Spain wasn’t a walk in the park for Crypto.com. As highlighted, the exchange underwent a thorough evaluation to ensure compliance with Anti-Money Laundering policies.

Moreover, the investment company had to showcase its capability to safeguard user interest, complying with the nation’s regulatory framework.

Crypto.com expands its offerings under compliance

The exchange has confirmed plans to obtain licenses and authorization from global regulators. Singapore’s Monetary Authority granted Crypto.com a Major Payment Institution (MPI) certificate for Digital Payment Tokens and an MPI for domestic & cross-border money services, account issuance, and e-money issuance.

Besides that, Invezz.com reported that Crypto.com received the Digital Asset Service Provider (DASP) license from France’s AMF in September 2022. Also, the exchange gained approval as a cryptocurrency business from the United Kingdom Financial Conduct Authority.

The crypto platform has also explored the North American regulatory landscape, acquiring authorizations. It attained approval as the United States Commodity Futures Trading Commission, Designated Contracts Market, and licensed Derivatives Clearing Organization.

On the other hand, Binance continues to face stiffer regulatory challenges. The leading exchange exited the Dutch market after failing to secure the VASP certificate. Also, it deregistered as a crypto provider in Cyprus.

Moreover, Binance canceled registration with UK’s Financial Conduct Authority (invezz.com news). Is the leading exchange by market volume losing grounds in the crypto market?

The post Crypto.com obtains VASP license to offer crypto services in Spain appeared first on Invezz.

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

crypto spain license vasp crucial effort evaluation

Источник: invezz.com

crypto spain → Результатов: 126


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto.com eyes UAE expansion with Dubai Islamic Bank partnership

Crypto. com has inked a major deal with Dubai Islamic Bank, the largest Islamic bank in the United Arab Emirates.   The crypto exchange revealed the collaboration via a press release on December 30, indicating it had entered into a memorandum of understanding with the bank.

Concerns grow over Cronos (CRO) price drop after 111% surge

Cronos (CRO), the cryptocurrency native to the Cronos blockchain, has seen remarkable price action in recent weeks, rallying over 230% at its peak before retracing. This surge brought the token out of a four-month consolidation range, propelling its price to a high of $0.

Cronos (CRO) price jumps after partnering with Amazon AWS

Crypto. com (CRO) price went parabolic on Wednesday after the developers announced a new partnership with Amazon AWS. Cronos token jumped to a high of $0. 076, the highest point since March 2. In all, the coin has jumped by more than 21% from the lowest level in March.