Crypto.com Expands in Europe, Registers in Netherlands

• Crypto.com has been granted regulatory approval from the central bank of Netherlands, De Nederlandsche Bank (DNB), to provide digital asset services.
• The company has previously obtained certain types of authorizations from numerous European nations, such as the UK, France, Italy and Spain.
• CEO Kris Marszalek commented that it is of “paramount importance” to collaborate with watchdogs to develop the cryptocurrency sector.

Crypto.com Expands its European Presence

Cryptocurrency exchange Crypto.com announced that it has secured regulatory approval from the central bank of the Netherlands, De Nederlandsche Bank (DNB), in order to register as a provider of digital asset services. This follows after obtaining certain types of authorization from various other European countries including France, Spain, Italy and the United Kingdom.

Money Laundering and Terrorist Financing Act

The firm stated that it had complied with the Netherlands’ Money Laundering and Terrorist Financing (Prevention) Act in order to receive a green light from DNB. CEO Kris Marszalek highlighted that collaborating with watchdogs is essential for developing the cryptocurrency sector: “This registration approval from De Nederlandsche Bank is a significant milestone for our business and the latest testament to our commitment to compliance.“ He added: „We look forward to continuing to work with DNB and other regulators around the world.“

Regulatory Approval Across The Globe

Furthermore, Crypto.com has lately obtained multiple authorizations across different parts of the globe – such as Singapore allowing them to offer cross-border and domestic money transfer services; Dubai granting them an MVP Preparatory Licence; Australia; Canada; South Korea being other countries where they have acquired regulatory approval over recent months..

Commitment To Compliance

Marszalek concluded by expressing his commitment towards ensuring compliance with regards to cryptocurrency regulations: “Our mission at Crypto.com is simple: we want everyone on earth – regardless of their economic circumstances – be able access financial freedom through blockchain technology,“ he said in a statement. „By working closely with regulators around the world, we are confident we will achieve this vision for all people everywhere.“

Conclusion

Overall, Crypto.com’s latest move represents yet another milestone in terms of its expansion into Europe – while also reaffirming its commitment towards meeting cryptocurrency regulations across different jurisdictions