Crypto.com, which claims to be the world’s “fastest-growing” cryptocurrency platform, announced that it has secured Electronic Financial Transaction Act and Virtual Asset Service Provider registration by “acquiring payment service provider ‘PnLink Co., Ltd.’ and virtual asset service provider ‘OK-BIT Co., Ltd.’.”
Kris Marszalek, Co-Founder and CEO of Crypto.com, said:
“This is an exciting next step for Crypto.com in an important market.We are committed to working with regulators to continue to bring our products and services to market, particularly in countries like South Korea where consumers have shown strong interest and adoption of digital currencies.”
Patrick Yoon, General Manager, South Korea of Crypto.com, said:
“We believe our services can not only help further evolve and empower commerce in Korea, but also support the greater creation and development of our Web3 ecosystem. Korea is a tremendously important market for Crypto.com in advancing blockchain technology.”
In achieving this milestone, Crypto.com remains “committed to its mission of being an industry leader for regulatory compliance, consumer safety, awareness, and protection.”
Crypto.com looks forward to “continuing to build a direct relationship with Korean users as a secure and regulated platform.”
Crypto.com continues “to grow and expand its ecosystem actively, with more than 50 million users worldwide.”
This announcement “follows Crypto.com having already received in-principle approval for a Major Payment Institution License from the Monetary Authority of Singapore, provisional approval of its Virtual Asset License from the Dubai Virtual Assets Regulatory Authority, registration in Italy from the Organismo Agenti e Mediatori (OAM), registration in Greece from the Hellenic Capital Market Commission, and registration in Cyprus from the Securities and Exchange Commission.”
Founded in 2016, Crypto.com claims that it “serves more than 50 million customers and is the world’s fastest growing global cryptocurrency platform.”
Their vision is simple: Cryptocurrency in Every Wallet™.
Built on a foundation of security, privacy, and compliance, Crypto.com is “committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem.”