Crypto.com Receives Regulatory Approval In France
Crypto.com's Regulatory Approval in France
To acquire regulatory permission, Crypto.com underwent a comprehensive evaluation, focusing on anti-money laundering and countering the funding of terrorism. With this registration, Crypto.com will offer customers in France a range of goods and services compliant with regional laws.
Kris Marszalek, CEO of Crypto.com, said in the statement,
"The European market is critical to Crypto.com's long-term growth and success, and we are incredibly proud to have received AMF approval in France."
Global Expansion of Crypto.com
France's financial regulators also approved rival exchange Binance and the Digital Currency Group-owned Luno to operate in the country earlier this year. Crypto.com has requested regulatory permissions all across the world this year. With more than 50 million users globally, Crypto.com's ecosystem constantly expands.
The exchange received an Italian operating authorization in July. The company got added to the UK's Financial Conduct Authority's register of crypto assets a month later. The Monetary Authority of Singapore (MAS) granted it in-principle approval for a Major Payment Institution Licence. The Hellenic Capital Market Commission registered it in Greece, and the Dubai Virtual Assets Regulatory Authority (VARA) gave it provisional permission for its Virtual Asset Licence.