Crypto.com was approved by France’s top financial regulators to be a Digital Asset Service Provider in France (DASP). Crypto.com is approved by French regulators to be a Digital Asset Service Provider.
According to an emailed statement, Wednesday’s approvals by the Autorite des Marches Financiers and the Autorite de Controle Prudentiel et de Resolution came after checks on the procedures it uses for AML and countering financing of terrorism.
European market is critical to crypto.com’s longevity
Crypto.com CEO Kris Marszalek stated that “the European market is crucial to Crypto.com’s long-term success and growth” in the statement.
French regulators also approved the operation of the Digital Currency Group’s rival exchange Binance earlier in the year.
Crypto.com has been pushing for regulatory approvals around the globe this year. The exchange was approved to operate in Italy in July. The firm was added to the UK’s cryptoasset registry by the Financial Conduct Authority a month later.
It was also registered in Greece by the Hellenic Capital Market Commission, and received in-principle approval from the Monetary Authority of Singapore for a Major Payment Institution License. Provisional approval from the Dubai Virtual Assets Regulatory Authority for its Virtual Asset License was also granted.
According to the exchange, it boasts more than 50,000,000 users around the world.
