France Approves Crypto.com

Crypto.com has now been licensed will
to operate in France as a Digital Asset Service Provider (DASP).

French financial regulators, the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR), granted the approval following checks on Crypto.com procedures for AML and countering the financing of terrorism.

The regulators had also approved rival exchange Binance and the Digital Currency Group-owned Luno to operate in the country earlier this year.

In July, Crypto.com gained approval to operate in Italy. A month later the UK’s Financial Conduct Authority added the firm to its cryptoasset register.

Crypto.com also recently received registration in Greece from the Hellenic Capital Market Commission.

The firm also received in-principle approval for a Major Payment Institution License from the Monetary Authority of Singapore, as well as provisional approval of its Virtual Asset License from the Dubai Virtual Assets Regulatory Authority.

The exchange boasts it has more than 50 million users worldwide.

Leave a Reply

Your email address will not be published.