Crypto.com Crypto Exchange Obtains Operating License in Spain

platforms from cryptocurrency exchange Crypto.com obtained approval from the Central Bank of Spain and join a regulated crypto exchange that will be able to operate legally in the country.

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Crypto.com in Spain

Cryptocurrency exchange Crypto.com recently announced that they are accepting registrations Virtual Asset Service Provider (VASP) Bank of Spain, Central Bank of Spain, the authorized to be able to provide its services in a regulated manner in European countries.

At the moment, Crypto.com has registrations and licenses from other European countries such as France and the UK, in addition to operating in more regulated countries such as Canada and South Korea, as well as in other countries around the world.

“Receiving the VASP registration from Bank of Spain is the latest proof of our commitment to compliance and enthusiasm to work with regulators and public officials in the responsible advancement of crypto and blockchain technology”shown in a release Crypto.com CEO Kris Marszalek.

As part of the regulatory actions taken in Spain, the cryptocurrency companies and providers should register before the Central Bank of Spainas defined by the institution since the end of 2021.

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To get the record, the exchanges must pass thorough reviews that meet standards set by the Anti-Money Laundering Directive (AMLD) and other financial crime lawsand how to demonstrate security measures regarding user protection, among other compliance processes.

Therefore, Crypto.com joins other cryptocurrency exchanges licensed to operate in Spainlike Binance, Bit2Me, among others.

Image Courtesy: Crypto.com

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