• Crypto.com has secured regulatory approval from the central bank of the Netherlands to register as a provider of digital asset services.
• The company previously received certain types of authorization from numerous other European nations, including the UK, France, Italy, Spain and more.
• CEO Kris Marszalek said collaborating with watchdogs to develop the cryptocurrency sector is of “paramount importance” to the firm.
Crypto.com Receives Regulatory Approval from Netherlands Central Bank
Crypto.com has received regulatory approval from De Nederlandsche Bank (DNB), the central bank of the Netherlands, to register as a provider of digital asset services. This follows similar authorizations it has obtained in numerous other European nations such as the United Kingdom, France, Italy and Spain.
Commitment to Compliance
The cryptocurrency exchange has complied with the Netherlands’ Money Laundering and Terrorist Financing (Prevention) Act in order to obtain authorization from DNB. CEO Kris Marszalek emphasized that collaboration with regulators is vital for developing this sector: “This registration approval from De Nederlandsche Bank is a significant milestone for our business and the latest testament to our commitment to compliance. We look forward to continuing to work with DNB and other regulators around the world.”
Additional Authorizations Across Globe
In addition to its approvals in Europe, Crypto.com also recently acquired various authorizations worldwide such as an MVP Preparatory Licence granted by Dubai Virtual Assets Regulatory Authority (VARA), cross-border domestic money transfer services approved by Monetary Authority of Singapore (MAS), and regulatory acceptance in Australia, Canada and South Korea among others countries.
Cryptocurrency Sector Growth
These multiple regulatory approvals show that governments are becoming increasingly open toward cryptocurrencies — an encouraging sign for those involved in this sector. As Crypto.com’s CEO stated: “We look forward to continuing to work with DNB and other regulators around the world.”
The success of Crypto.com’s efforts demonstrate that collaboration between authorities and cryptocurrency firms can result in positive outcomes for both sides — creating a well-regulated industry while promoting financial inclusion at all levels globally