"We look forward to continuing to work with the Bank of Spain as we bring our products and services to market and provide users with the comprehensive, safe and secure crypto experience they want."
Crypto.com has announced that it has obtained its long-awaited Virtual Asset Service Provider (VASP) registration from the Bank of Spain, a major milestone for the crypto exchange as the US market becomes a regulatory minefield.
The registration followed a thorough review of its compliance with the Anti-Money Laundering Directive (AMLD) and other financial crime laws, as well as measures to protect users.
The VASP registration in Spain follows several registrations and regulatory approvals in other jurisdictions, including Singapore, France, the United Kingdom, Dubai, South Korea, Australia, Italy, Greece, Cyprus, the Cayman Islands, the United States and Canada.
Work with regulators and public officials on the responsible advancement of cryptocurrencies
Founded in 2016, Crypto.com has grown its customer base to more than 80 million customers worldwide while maintaining its focus on regulatory compliance, security, and privacy.
"Cryptocurrency in every wallet" is the motto of Crypto.com, as it is committed to accelerating cryptocurrency adoption through innovation and empowering the next generation of builders, creators and entrepreneurs to develop a fairer and more digital ecosystem. equitable.
Crypto.com will now be able to offer a set of its products and services to users in Spain.
Kris Marszalek, CEO of Crypto.com, said: โReceiving the VASP registration from the Bank of Spain is the latest testament to our commitment to compliance and enthusiasm to work with regulators and public officials on the responsible advancement of blockchain technology and crypto. We look forward to continuing to work with the Bank of Spain as we bring our products and services to market and provide users with the comprehensive, safe and secure crypto experience they want.โ
Crypto.com's regulatory license push builds on several milestones, including:
- obtain the license of the main payment institution (MPI) for the digital payment token (DPT) and its MPI for the issuance of electronic money, the issuance of accounts, the national and cross-border money transfer services from the Monetary Authority of Singapore;
- registration as a digital asset service provider (DASP) by the Autoritรฉ des marchรฉs financiers (AMF) in France;
- registration approval as a crypto business from the UK Financial Conduct Authority (FCA);
- approval of his MVP preparatory license from the Dubai Virtual Assets Regulatory Authority (VARA);
- Electronic Financial Transactions Law and Virtual Asset Service Provider registration in South Korea;
- registration approval as an independent digital currency exchange provider and remittance distributor in Australia by AUSTRAC;
- an Australian Financial Services License and Australian Credit License from the Australian Securities and Investments Commission (ASIC);
- registration in Italy of the Organismo Agenti e Mediatori (OAM);
- registration in Greece of the Hellenic Capital Market Commission;
- Cyprus registration of the Securities and Exchange Commission;
- regulatory approval from the Cayman Islands Monetary Authority;
- a Derivatives Clearing Organization (DCO) regulated by the US Commodity Futures Trading Commission (CFTC) and a Designated Contracts Market (DCM);
- a pre-registration commitment with the Ontario Securities Commission and Canadian Securities Administrators
