Crypto.com, trusted by over 100 million customers globally, has secured approval as a Virtual Asset Service Provider (VASP) from the Central Bank of Ireland. This allows Crypto.com to offer crypto-to-fiat exchanges and fiat wallets to its customers.
The VASP approval followed a thorough review of Crypto.com’s anti-money laundering (AML) and combating the financing of terrorism (CFT) compliance procedures.Crypto.com has secured a regulatory license for approval in Ireland.
The company holds several significant licenses, including a Major Payment Institution (MPI) license for Digital Payment Tokens (DPT) and e-money issuance from the Monetary Authority of Singapore.
Additionally, Crypto.com is registered as a Digital Asset Service Provider (DASP) by the Autorité des marchés financiers (AMF) in France and has received full operational approval for its Virtual Asset Service Provider Licence from the Dubai Virtual Assets Regulatory Authority (VARA).
Crypto.com has also secured regulatory approvals in various markets, including the UK, where it is authorized as an Electronic Money Institution (EMI) by the Financial Conduct Authority (FCA). The company is registered in South Korea, Australia, Spain, Italy, Greece, Cyprus, the Cayman Islands, and Canada, further solidifying its global presence
In the United States, Crypto.com operates designated contract markets and derivatives clearing organizations regulated by the Commodity Futures Trading Commission (CFTC).
Crypto.com’s VASP approval in Ireland comes as cryptocurrency companies prepare for the upcoming Markets in Crypto Assets (MiCA) legislation in the European Union. MiCA will enable firms with a crypto asset service provider license from any EU member state to operate across all 27 nations.
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