- The company will now offer a range of cryptocurrency services in the country
- Before being authorized, the exchange passed a compliance review
Cryptocurrency exchange Crypto.com received a virtual asset service provider license from the Bank of Spain. The regulator has granted the exchange permission to provide a range of cryptocurrency services to its customers in the country.
Before receiving permission, Crypto.com underwent extensive due diligence to comply with the Anti-Money Laundering Directive and comply with other financial laws against crime.. The regulator’s final approval came a few weeks after a major payment institution received a license to provide digital payment token services from the Monetary Authority of Singapore.
The company’s CEO, Chris Marszalek, spoke out about expanding into the Spanish market. He said that receiving the license demonstrates the exchange’s commitment to complying with the law.
“We look forward to further working with the Bank of Spain in launching our products and services in the market to provide our customers with a full, safe and secure cryptocurrency experience,” Chris added.
The exchange was recently licensed in Singapore, now in Spain. In general, Crypto.com is a regulated platform in France, UK, Dubai, South Korea, Australia, Italy, Greece, the Cayman Islands. It is also pre-registered with the Ontario Securities Commission and the Canadian Securities Administrators.
In addition, it has been pre-registered with the Ontario Securities Commission and the Canadian Securities Administrators.