Cryptocurrency platform Crypto.com has obtained its virtual asset service provider (VASP) registration from the Bank of Spain. The regulatory milestone further expands its services across Europe.
This registration reflects the company’s compliance with Anti-Money Laundering Directive (AMLD) regulations and other financial crimes laws, as well as its commitment to safeguarding users. With this milestone, Crypto.com gains authorisation to offer its suite of products and services to users in Spain.
Kris Marszalek, CEO of Crypto.com, outlined the company’s dedication to compliance and collaboration with regulators and public officials in advancing crypto and blockchain technology responsibly.
“We look forward to continuing to work with the Bank of Spain as we launch our products and services in-market and providing users with the comprehensive, safe and secure crypto experience that they desire.”
This latest achievement adds to Crypto.com’s growing list of regulatory licences. The company has already obtained the Major Payment Institution (MPI) licences for Digital Payment Token (DPT) and e-money issuance, as well as other registrations and approvals from renowned regulatory authorities worldwide.
These include the Monetary Authority of Singapore, the Autorité des marchés financiers (AMF) in France, the UK Financial Conduct Authority (FCA), the Dubai Virtual Assets Regulatory Authority (VARA), and regulatory bodies in South Korea, Australia, Italy, Greece, Cyprus, and the Cayman Islands.
Crypto.com has also secured regulatory approval in the US through the Commodity Futures Trading Commission (CFTC) and maintains a pre-registration undertaking with the Ontario Securities Commission and Canada Securities Administrators.
Founded in 2016, the company said it is driven by a vision to make cryptocurrency accessible to everyone through its ‘Cryptocurrency in Every Wallet’ initiative.