TLDR
Crypto.com,
a
leading
cryptocurrency
exchange
trusted
by
more
than
100
million
customers
worldwide,
has
secured
approval
from
the
Central
Bank
of
Ireland
to
operate
as
a
Virtual
Asset
Service
Provider
(VASP).
This
approval
allows
the
company
to
expand
its
services
in
Ireland,
including
offering
crypto-to-fiat
exchanges
and
fiat
wallets
to
its
users.
The
VASP
registration
indicates
that
Crypto.com
meets
the
necessary
compliance
standards,
such
as
implementing
measures
for
anti-money
laundering
(AML)
and
combating
the
financing
of
terrorism
(CFT).
These
measures
are
crucial
in
the
cryptocurrency
industry,
as
digital
assets
have
been
known
to
be
used
for
bypassing
laws
and
sanctions.
Eric
Anziani,
President
and
COO
of
Crypto.com,
expressed
his
excitement
about
the
approval,
stating,
“This
approval
from
the
Central
Bank
of
Ireland
is
the
latest
testament
to
our
commitment
to
compliance
and
responsible
innovation.
We
are
excited
to
broaden
our
offering
in
Ireland,
enabling
consumers
to
engage
with
the
most
comprehensive
crypto
product
offering.”
With
this
approval,
Crypto.com
joins
a
growing
list
of
crypto
companies
regulated
by
the
Central
Bank
of
Ireland.
As
of
June
7,
2024,
the
central
bank
has
approved
15
entities
as
VASPs,
including
major
industry
players
such
as
Coinbase,
Ripple,
Gemini,
MoonPay,
and
Zodia.
Crypto.com’s
approval
comes
amid
the
company’s
rapid
growth
and
expanding
global
presence.
The
exchange
recently
surpassed
100
million
users
globally,
a
milestone
achieved
since
its
inception
in
2016.
This
success
is
attributed
to
its
recent
marketing
campaigns,
partnerships
with
notable
personalities,
venues,
and
events,
such
as
hosting
NBA
and
NHL
playoffs
at
the
Crypto.com
Arena
and
sponsoring
the
Formula
1
Crypto.com
Miami
Grand
Prix.
The
company
has
also
been
actively
seeking
regulatory
approvals
in
various
jurisdictions.
In
May,
Crypto.com
received
a
license
from
Dubai’s
Virtual
Assets
Regulatory
Authority
to
offer
institutional
crypto
trading,
with
plans
to
expand
its
services
for
retail
investors
in
Dubai.
Go to Source
Author: Oliver Dale
