- Crypto.com gains VASP approval from the Central Bank of Ireland.
- Regulatory momentum includes licenses from Singapore, France, Dubai, UK, and more.
- Crypto.com’s compliance efforts bolster its global presence and customer trust.
Crypto.com achieved a major milestone in Ireland, securing approval as a Virtual Asset Service Provider (VASP) from the Central Bank of Ireland.
The approval followed a rigorous review of Crypto.com’s anti-money laundering and combating the financing of terrorism (AML/CFT) compliance procedures. With this approval, Crypto.com will offer cryptocurrency-to-fiat exchanges and fiat wallets to Irish customers, expanding its services in the region.
President and COO Eric Anziani said, “This approval is a testament to Crypto.com’s ongoing commitment to compliance and responsible innovation. We are excited to expand our comprehensive and secure crypto product offerings in Ireland.”
Today’s announcement accelerates Crypto.com’s global regulatory licensing momentum. The company holds a Digital Payment Token (DPT) and Major Payment Institution (MPI) license from the Monetary Authority of Singapore and is registered as a Digital Asset Service Provider (DASP) by the AMF in France.
Furthermore, Crypto.com has an electronic money institution license from the UK’s FCA and received regulatory clearance from Dubai’s VARA for its VASP license.
The company has secured regulatory approvals in South Korea, Australia, Spain, Italy, Greece, Cyprus, the Cayman Islands, and Canada. In the U.S. Crypto.com operates designated contract markets and derivatives clearing organizations regulated by the CFTC.
In related news, Coin Edition has reported that Blockchain Australia, a major industry association, has rebranded as the Digital Economic Council of Australia.
This rebranding reflects the evolving nature of the blockchain and digital asset industries and better aligns with their broader goals.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
