Crypto.com has received approval from the Central Bank of Ireland to operate as a Virtual Asset Service Provider (VASP), which will enable it to expand its services in the Irish market.
This approval will allow Crypto.com to offer cryptocurrency trading and digital wallet services more widely in Ireland.
Crypto.com expands its operations to Ireland:
The granting of a VASP license reflects Crypto.comâs commitment to complying with stringent security and regulatory standards, including anti-money laundering and counter-terrorist financing requirements.
Compliance with these procedures is essential, since cryptocurrencies are sometimes used to bypass laws and penalties.
Serving a global customer base of over 100 million users, Crypto.com aims to strengthen its presence in Ireland and bring its advanced financial services to more consumers.
Eric Anziani, President and COO of Crypto.com, said:
This approval from the Central Bank of Ireland is evidence of our commitment to compliance and responsible innovation.
We are excited to expand our offering in Ireland, giving consumers the opportunity to engage with our comprehensive crypto products.
Exceeding 100 million users globally:
Since its founding in 2016, Crypto.com has surpassed 100 million users globally, thanks to its effective marketing strategies and partnerships with prominent figures, places and events.
These notable efforts include hosting the NBA and NHL playoffs at Crypto.com Arena and sponsoring the Formula 1 Crypto.com Miami Grand Prix.
The company also launched an advertising campaign under the title âINEVITABLEâ within the framework of the âFortune Favors the Braveâ campaign.
With this expansion, Crypto.com seeks to provide innovative and advanced financial services to a wider audience, and strengthen its position as a major player in the global cryptocurrency industry.