Ethereum

United

Bank AI

Polygon

Read

<p class="is-style-lead">Crypto.com has officially announced the acquisition of its virtual asset service provider (VASP) registration from the Bank of Spain.</p> 
<p>The registration grants Crypto.com the authority to provide a wide range of products and services to users in Spain while adhering to strict compliance measures, including anti-money laundering directive (AMLD) and other financial crimes laws, ensuring user protection and safety.</p> 
<h2 class="wp-block-heading" id="a-growing-list-of-regulatory-licenses">A growing list of regulatory licenses</h2> 
<p>Crypto.com’s CEO, Kris Marszalek,&nbsp;<a href="https://crypto.com/company-news/crypto-com-obtains-virtual-asset-service-provider-registration-in-spain" target="_blank" rel="noreferrer noopener">expressed their commitment&nbsp;</a>to compliance and collaboration with regulatory bodies, following the successful acquisition of the VASP registration from the Bank of Spain.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">We're excited to share our latest regulatory achievement in Europe!<br><br>We have obtained our Virtual Asset Provider Registration in Spain 🇪🇸🙌<br><br>Learn more:<a href="https://t.co/ZGmgE9n937" target="_blank">https://t.co/ZGmgE9n937</a> <a href="https://t.co/fmkWt6npvK" target="_blank">pic.twitter.com/fmkWt6npvK</a></p>— Crypto.com (@cryptocom) <a href="https://twitter.com/cryptocom/status/1672161216305987584?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 23, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>This announcement adds to Crypto.com’s growing list of regulatory licenses, including approvals from various authorities in Singapore, France, the UK, Australia and Italy, among others. </p> 
<p> You might also like: <a href="https://crypto.news/reddit-hackers-want-4-5m-and-ethical-conduct-from-the-company/"> Reddit&nbsp;hackers want $4.5m and ethical conduct from the company </a> </p> 
<p>In addition to granting Crypto.com VASP registration, the Bank of Spain has also been supporting cryptocurrency adoption in other ways. </p> 
<p>Notably, in January this year, they also&nbsp;<a href="https://cincodias.elpais.com/cincodias/2023/01/17/companias/1673981828_456113.html" target="_blank" rel="noreferrer noopener">authorized a pilot program</a>&nbsp;involving the issuance of euro-pegged digital tokens. Spearheaded by regulated fintech payments company MONEI, the project enables users to create their own euro stablecoins on the Ethereum and Polygon blockchains, with each token backed by real euros.</p> 
<p>In this pilot program, users can issue the eurm token by depositing real euros, securing its value. The initiative, registered as part of the Bank of Spain’s financial Sandbox, restricts each registered user on MONEI’s platform to a maximum issuance of ten eurm tokens.</p> 
<h2 class="wp-block-heading" id="europe-continues-to-grow-appeal">Europe continues to grow appeal</h2> 
<p>Alongside focused efforts in Europe, Crypto.com has also made the decision to suspend its institutional offering on the Crypto.com exchange in the United States as of 11:59 pm EDT on June 21, 2023. </p> 
<p>The platform has provided advance notice to affected institutional users to ensure a seamless transition during this period of turbulence in the cryptocurrency exchange landscape.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="Why Spain wants to become Europe's 'energy hub' - Interview with Spanish economy minister Calvino" width="1020" height="574" src="https://www.youtube.com/embed/2S0TXVSpdQ4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
 </div>
</figure> 
<p>As more exchanges pull out offerings from the United States, Crypto.com might pave the way for other companies to refocus efforts in areas where the regulatory landscape is more certain.</p> 
<p> Read more: <a href="https://crypto.news/ftx-700m-lawsuit-firm-linked-to-former-clinton-aide/"> FTX files $700m lawsuit against investment firm tied to Hillary Clinton aide </a> </p>

Spain grants virtual asset service provider registration to Crypto.com

Table of Contents

crypto.news

Other articles published on Jun 23, 2023

FTX Files Lawsuit Seeking $700 Million from Former Investment Firms and Associates

Michael Saylor Bets Big On Bitcoin- Here’s What He Says

Coinbase Takes Unconventional Legal Defense Strategy Ahead of SEC’s Crypto Crackdown

Bitcoin (BTC) Soars 18% in Week, Highest Since March

IMF Critiques Crypto Bans, Stresses on Regulation and CBDC Benefits

KLAYswap-WEMIX Converter & oWEMIX-oUSDT Pair Pool Open Notice

Join our free newsletter for daily crypto updates!