FX Payments Emerging Markets cross-border payment crypto
Cryptocurrency Europe Fintech Trending

Crypto.com Expands Crypto Services in Spain with Bank of Spain’s VASP Registration

Cryptocurrency platform Crypto.com has obtained its virtual asset service provider (VASP) registration from the Bank of Spain. The regulatory milestone further expands its services across Europe.

This registration reflects the company’s compliance with Anti-Money Laundering Directive (AMLD) regulations and other financial crimes laws, as well as its commitment to safeguarding users. With this milestone, Crypto.com gains authorisation to offer its suite of products and services to users in Spain.

Kris Marszalek, CEO of Crypto.com, outlined the company’s dedication to compliance and collaboration with regulators and public officials in advancing crypto and blockchain technology responsibly.

“We look forward to continuing to work with the Bank of Spain as we launch our products and services in-market and providing users with the comprehensive, safe and secure crypto experience that they desire.”

This latest achievement adds to Crypto.com’s growing list of regulatory licences. The company has already obtained the Major Payment Institution (MPI) licences for Digital Payment Token (DPT) and e-money issuance, as well as other registrations and approvals from renowned regulatory authorities worldwide.

These include the Monetary Authority of Singapore, the Autorité des marchés financiers (AMF) in France, the UK Financial Conduct Authority (FCA), the Dubai Virtual Assets Regulatory Authority (VARA), and regulatory bodies in South Korea, Australia, Italy, Greece, Cyprus, and the Cayman Islands.

Crypto.com has also secured regulatory approval in the US through the Commodity Futures Trading Commission (CFTC) and maintains a pre-registration undertaking with the Ontario Securities Commission and Canada Securities Administrators.

Founded in 2016, the company said it is driven by a vision to make cryptocurrency accessible to everyone through its ‘Cryptocurrency in Every Wallet’ initiative.

Author

Related posts

WorldRemit: Tips on How To Avoid Online Fraud in 2022

The Fintech Times

Cohesity Reveals over 9 in 10 UK Firms Have Paid Ransoms Despite Alleged “No Pay” Stances

The Fintech Times

European Third-Party Provider Association Established

Mark Walker