Several well-known charitable organizations, including The Salvation Army, Care Singapore, Cycling Without Age Singapore, Minds, Dementia Singapore, and Limitless, have expressed their intention to collaborate with Crypto.com. They plan to accept donations in digital assets and establish a transparent procedure for converting cryptocurrencies into fiat. Additionally, they aim to work on joint projects of social significance with Crypto.com.
A representative from Crypto.com emphasized that this assistance to philanthropists would enable the platform to attract the attention of “tech-savvy donors” who are passionate about helping socially vulnerable individuals in Singapore.
The exchange understands the importance of maintaining a secure environment and has committed itself to prevent potential risks associated with user identification procedures and anti-money laundering measures.
In other news, Crypto.com recently announced that its CRO DAX Middle East FZE has successfully completed the second phase of its Virtual Asset Service Provider (VASP) licensing with the Dubai Virtual Asset Regulatory Authority (VARA).