Crypto.com announced its approval as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland. 

This accomplishment comes after a thorough evaluation of the company’s compliance measures, specifically its AML/CFT measures. With this approval, Crypto.com can expand its services in Ireland, such as crypto-to-fiat exchange and Fiat Wallet.

https://t.co/vCNztATSCO is proud to announce that we have been granted Virtual Asset Service Provider (VASP) registration from the Central Bank of Ireland. pic.twitter.com/Dv9Fi5WUCg

— Crypto.com (@cryptocom) June 11, 2024

Eric Anziani, President and COO of Crypto.com, noted, 

“This approval from the Central Bank of Ireland is the latest proof of our dedication to compliance and responsible innovation. We are looking forward to expanding our services in Ireland and offering the greatest selection of crypto products to consumers.”

Global Regulatory Momentum

The VASP approval in Ireland is part of the larger plan of Crypto.com to get regulatory licenses across different countries. The company has, in recent times, accomplished the following major goals. Crypto.com is an operation in Singapore, and it has been issued with the Major Payment Institution (MPI) license for Digital Payment Token (DPT) and MPI for e-money issuance, account issuance, cross-border and domestic money transfer services by the Monetary Authority of Singapore.

Crypto.com is a well-known DASP registered with the AMF in France. The company also received the operational approval of the Virtual Asset Service Provider Licence from the Dubai Virtual Assets Regulatory Authority (VARA). Since its operations, Crypto.com has been legally acknowledged by the FCA as an Electronic Money Institution (EMI) in the UK.

Crypto.com’s European presence is also demonstrated by its registration in several EU countries. It has obtained the VASP registration from the Bank of Spain in Spain and from the Organismo Agenti e Mediatori (OAM) in Italy. Crypto.com is also regulated in Greece by the Hellenic Capital Market Commission and in Cyprus by the Securities and Exchange Commission.

These milestones highlight Crypto.com’s continuous endeavors to adhere to the regional financial regulation frameworks to provide safe and secure services to its clients.

Other International Approvals

Outside Europe, Crypto.com has had significant success in regulation efforts worldwide. The company is incorporated in South Korea and is approved under the Electronic Financial Transaction Act as a Virtual Asset Service Provider. Crypto.com is regulated by AUSTRAC in Australia as a Digital Currency Exchange Provider and Independent Remittance Dealer and is licensed by the Australian Securities and Investments Commission (ASIC) as an Australian Financial Services Licence and Credit Licence.

Crypto.com’s focus on compliance is also seen from its licensing from the Cayman Island Monetary Authority, the US CFTC as a Derivatives Clearing Organisation and a Designated Contract Market, as well as a pre-registration undertaking with the Ontario Securities Commission and Canada Securities Administrators.

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