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Singapore-based cryptocurrency exchange service provider Crypto.com has successfully obtained virtual asset service provider registration from the Bank of Spain. This regulatory approval enables the exchange to offer various crypto-focused services to customers in Spain, a country known for its positive stance on cryptocurrencies. 
Prior to receiving the approval, the crypto exchange platform underwent a comprehensive review of its compliance with the Anti-Money Laundering Directive and other financial crimes laws. This recent regulatory clearance in Spain follows closely on the heels of Crypto.com acquiring a major payment institution license for digital payment token services from the Monetary Authority of Singapore. 
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 We're excited to share our latest regulatory achievement in Europe! We have obtained our Virtual Asset Provider Registration in Spain <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1ea-1f1f8.png" alt="🇪🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f64c.png" alt="🙌" class="wp-smiley" style="height: 1em; max-height: 1em;"> Learn more:<a href="https://t.co/ZGmgE9n937">https://t.co/ZGmgE9n937</a> <a href="https://t.co/fmkWt6npvK">pic.twitter.com/fmkWt6npvK</a>— Crypto.com (@cryptocom) <a href="https://twitter.com/cryptocom/status/1672161216305987584?ref_src=twsrc%5Etfw">June 23, 2023</a>
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Kris Marszalek, the CEO of Crypto.com, emphasized the company’s dedication to compliance and referred to their entry into the Spanish crypto market as a testament to this commitment. Marszalek expressed enthusiasm about collaborating with the Bank of Spain, as they launch their products and services in the market, providing users with a comprehensive, safe, and secure crypto experience. 
With this latest regulatory approval, Crypto.com has now become a regulated platform in nearly a dozen countries. In addition to Spain, the company has obtained regulatory authorization in Singapore, France, the United Kingdom, Dubai, South Korea, Australia, Italy, Greece, the Cayman Islands, and has a pre-registration undertaking with the Ontario Securities Commission and Canadian Securities Administrators. 
While Crypto.com experienced significant growth and secured mainstream partnerships during the bullish cryptocurrency market of 2021-2022, the platform faced challenges and reduced demand during the subsequent bear market. As a result, they made the decision to close their institutional platform in the United States in early June. 
The post <a rel="nofollow" href="https://www.unlock-bc.com/104061/cryptocom-obtains-regulatory-approval-to-operate-in-spain/">Crypto.com Obtains Regulatory Approval to Operate in Spain</a> appeared first on <a rel="nofollow" href="https://www.unlock-bc.com">UNLOCK Blockchain</a>.

Crypto.com Obtains Regulatory Approval to Operate in Spain

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