Crypto.com has obtained regulatory approval from the central bank of the Netherlands, De Nederlandsche Bank (DNB), to operate as a provider of digital asset services within the country.
This approval marks yet another achievement for the company, as it has already received various forms of authorization from several European nations, including the United Kingdom, France, Italy, Spain, and others. With the green light from the DNB, Crypto.com has demonstrated its commitment to meeting compliance standards and adhering to the Netherlands’ Money Laundering and Terrorist Financing (Prevention) Act.
Kris Marszalek, CEO of Crypto.com, emphasized the significance of this milestone for the firm and the cryptocurrency sector as a whole. He stated, “Collaborating with regulatory watchdogs to foster the growth of the cryptocurrency industry is of paramount importance to us. This registration approval from De Nederlandsche Bank reinforces our commitment to compliance and reinforces our resolve to work closely with DNB and other regulators worldwide.”
As the cryptocurrency market continues to evolve and gain mainstream recognition, securing regulatory approval from prominent financial authorities becomes increasingly crucial for companies like Crypto.com to operate smoothly and build trust with their users. The approval from the DNB paves the way for Crypto.com to expand its digital asset services and further strengthen its position as a leading cryptocurrency exchange in the European market.
Crypto.com Expands Global Operations with Multiple Regulatory Approvals
Recently, the exchange has been securing a series of authorizations from regulatory authorities worldwide, further solidifying its position as a prominent player in the global market.
The Monetary Authority of Singapore (MAS) granted Crypto.com the green light to offer cross-border and domestic money transfer services, bolstering the company’s presence in the Southeast Asian region. This approval represents a crucial step for Crypto.com’s expansion plans and strengthens its capabilities to cater to the growing demand for crypto-based financial services in Singapore and neighboring countries.
Notably, Crypto.com’s ambitions are not confined to Asia alone. The Dubai Virtual Assets Regulatory Authority (VARA) has awarded the exchange an MVP Preparatory Licence, enabling the exchange to operate in the Middle East, specifically in the booming digital assets market of Dubai. This move signifies Crypto.com’s commitment to tapping into the Gulf region’s potential and catering to the increasing interest in cryptocurrencies among investors and enthusiasts in Dubai.
The company’s unwavering commitment to regulatory compliance and adherence to robust standards have earned it regulatory approval in several other countries over the years. Among these countries are Australia, Canada, Brazil, and South Korea, where Crypto.com has been granted the necessary licenses and approvals, allowing it to operate legally and provide a wide array of crypto-related services to the respective markets.
The exchange’s expansion endeavors have also taken a strong foothold in Europe, where it has received the green light to provide its comprehensive suite of services in various countries. The company’s entrance into the European markets has been met with approvals in France, the UK, Italy, Greece, Cyprus, and Spain, further amplifying Crypto.com’s presence on the continent and solidifying its position as a leading cryptocurrency exchange in the region.