Gemini

Bank

United

<h4 data-block-id="262dc27f-0628-4cf2-a45c-67e2f7866d23"><strong>Regulatory compliance plays a huge role in deciding the exchange we trade on. Most crypto exchanges have run into trouble with <a href="https://www.altcoinbuzz.io/?s=crypto+regulation" target="_blank" rel="noopener">regulators</a> for failing to register their activities. </strong></h4> 
<p data-block-id="262dc27f-0628-4cf2-a45c-67e2f7866d23">Thankfully, a lot of exchanges are working towards improving compliance.&nbsp;Crypto.com has announced its registration as a virtual asset service provider in Ireland.</p> 
<h5 data-block-id="262dc27f-0628-4cf2-a45c-67e2f7866d23"><strong>Crypto.com Registers as a Virtual Asset Provider in Ireland</strong></h5> 
<p data-block-id="262dc27f-0628-4cf2-a45c-67e2f7866d23">This registration enables the exchange to operate legally within the European Union. The Central Bank of Ireland’s website shows that Crypto.com was registered under the name Forix DAX.</p> 
<p data-block-id="c7486212-d212-4c3d-a9af-2ad2c68a0c6c">A <a href="https://crypto.com/company-news/crypto-com-receives-virtual-asset-service-provider-registration-from-the-central-bank-of-ireland" target="_blank" rel="noopener">statement</a> from the exchange revealed that it would now be able to offer services such as fiat wallets, and crypto-to-fiat exchanges. Crypto.com’s president and chief operating officer, Eric Anziani, remarked that “this approval from the Central Bank of Ireland is the latest testament to our commitment to compliance and responsible innovation.”</p> 
<p><img decoding="async" class=" wp-image-142894" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/crypto.com-news.jpg" alt="" width="567" height="370" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/crypto.com-news.jpg 911w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/crypto.com-news-300x196.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/crypto.com-news-768x502.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/crypto.com-news-643x420.jpg 643w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/crypto.com-news-696x455.jpg 696w" sizes="(max-width: 567px) 100vw, 567px"></p> 
<h6 style="text-align: center;" data-block-id="5063888b-de5d-43d1-969d-69acd9fdb257"><strong>Source: <a href="https://x.com/cryptocom/status/1800452020417229019" target="_blank" rel="noopener">X</a></strong></h6> 
<p data-block-id="5063888b-de5d-43d1-969d-69acd9fdb257">Anziani said: “We are excited to broaden our offering in Ireland, enabling consumers to engage with the most comprehensive crypto product offering.”</p> 
<h5 data-block-id="cb7c3e28-190a-4e55-98ea-7be0785ea252"><strong>Getting Ready for MiCA</strong></h5> 
<p data-block-id="7c2fc1de-abee-4e7a-b4b2-e0a1648b9a6d">With this approval, Crypto.com became one of the crypto companies that the Irish central bank regulates, along with <a href="https://www.altcoinbuzz.io/?s=coinbase" target="_blank" rel="noopener">Coinbase</a>. As of June 7th, there were 14 corporations on the complete list of registered VASPs in Ireland. These include well-known companies in the crypto sector, such as Ripple, Gemini Exchange, Pay Safe, MoonPay, and others.</p> 
<figure id="attachment_142895" aria-describedby="caption-attachment-142895" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="size-full wp-image-142895" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/Crypto.com-Ireland.webp" alt="" width="2542" height="726" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/Crypto.com-Ireland.webp 2542w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/Crypto.com-Ireland-300x86.webp 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/Crypto.com-Ireland-1024x292.webp 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/Crypto.com-Ireland-768x219.webp 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/Crypto.com-Ireland-1536x439.webp 1536w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/Crypto.com-Ireland-2048x585.webp 2048w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/Crypto.com-Ireland-1471x420.webp 1471w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/Crypto.com-Ireland-696x199.webp 696w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/Crypto.com-Ireland-1068x305.webp 1068w" sizes="(max-width: 2542px) 100vw, 2542px">
 <figcaption id="caption-attachment-142895" class="wp-caption-text">
  <strong>Snapshot of crypto firms registered in Ireland</strong>
 </figcaption>
</figure> 
<p data-block-id="fa706be3-83e6-4737-bf01-fb6b0d8b0cec">These companies vie to secure approval in EU countries. And prepare for the implementation of the <a href="https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica" target="_blank" rel="noopener">MiCA regulation</a> later this year. EU laws are clear and easy for firms that secure licenses in any member state. Such firms can operate in all 27 countries.</p> 
<p data-block-id="cf535bcd-0836-4264-8c8f-edd0f93370b2">Crypto.com has successfully secured licenses in other regions, including Dubai. The exchange recently <a href="https://www.altcoinbuzz.io/cryptocurrency-news/crypto-com-secures-license-to-operate-in-dubai/" target="_blank" rel="noopener">received</a> full operational authority from Dubai’s regulatory body. In addition, the exchange is legal in the Netherlands and Spain. It also has a license as an electronic money institution from the United Kingdom.</p> 
<p><iframe title="Buy Coins, Wait Coins - 3 Altcoin Gems 💎" width="696" height="392" src="https://www.youtube.com/embed/bh5zM_GCYaw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/crypto-com-gets-registered-in-ireland/">Crypto.com Gets Registered in Ireland</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Crypto.com Gets Registered in Ireland

Altcoin Buzz

Other articles published on Jun 13, 2024

Jasmy’s Parabolic Rise: Will This Crypto Follow Cardano’s Path?

ONI DEX: Pioneering The Future Of Decentralized Finance

MoonBag Meme Coin Is The New Icon In The Crypto World, Shocking Bonk And Bitbot Holders

Ripple Officially Enters Hottest Crypto Sector With Major New Partnership

The FOMC’s decision to keep interest rates steady causes over $400 million crypto sell-off

Bitcoin gives back gains as ‘hawkish’ Fed costs bulls a trip to $70K

Join our free newsletter for daily crypto updates!