Cryptocurrency exchange Crypto.com has secured regulatory approval to operate as a Digital Asset Service Provider (DASP) in France.
Singapore-based crypto exchange Crypto.com has gained approval to offer its services in France as a DASP. The news follows Crypto.com’s registration with the French stock market regulator, Autorité des Marchés Financiers (AMF). Approval was secured after the platform was cleared by the French financial regulator, Autorité de Contrôle Prudentiel et de Résolution (ACPR). The company’s most recent regulatory greenlight adds to its push for regulatory approval across major jurisdictions across the world. The regulatory approval will help the company offer various products and services in compliance with local regulations to customers in the company, and Crypto.com is hoping that the latest approval will aid in its efforts to expand its services in Europe. The announcement posted today on its website reads:
Crypto.com was subject to rigorous review, particularly around anti-money laundering and combating the financing of terrorism, in order to receive regulatory approval. With this registration, Crypto.com will bring a suite of products and services in compliance with local regulations to customers in France.
Crypto.com CEO, Kris Marzalek commented on the French registration, saying:
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. 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 also acquired licenses, registrations, and provisional approvals in Singapore, the U.K., in Dubai via its Virtual Asset License, Cyprus, South Korea, Italy, the Cayman Islands, and Canada. The company has however only received a pre-registration with the Ontario Securities Administration.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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