Crypto.com announced that it has been approved for registration with De Nederlandsche Bank (DNB) as a provider of crypto services.
This registration confirmation reportedly follows “a comprehensive review of Crypto.com’s business and compliance in line with the Netherlands’ Money Laundering and Terrorist Financing (Prevention) Act (Wwft).”
Kris Marszalek, CEO of Crypto.com, said:
“Collaborating with regulators to responsibly advance the crypto and blockchain industry is of paramount importance to Crypto.com. This registration approval from De Nederlandsche Bank is a significant milestone for our business and the latest testament to our commitment to compliance. We look forward to continuing to work with DNB and other regulators around the world.”
This announcement continues Crypto.com’s regulatory license momentum, “having received its Major Payment Institution (MPI) license for Digital Payment Token (DPT) and its MPI for e-money issuance, account issuance, cross border and domestic money transfer services from the Monetary Authority of Singapore; registration as a Digital Asset Service Provider (DASP) by the Autorité des marchés financiers (AMF) in France; registration approval as a cryptoasset business from the UK Financial Conduct Authority (FCA).”
Approval of its MVP Preparatory License “from the Dubai Virtual Assets Regulatory Authority (VARA); Electronic Financial Transaction Act and Virtual Asset Service Provider registration in South Korea; registration approval as a Digital Currency Exchange Provider and Independent Remittance Dealer in Australia by AUSTRAC; an Australian Financial Services License and Australian Credit License from the Australian Securities and Investments Commission (ASIC); registration in Spain as a Virtual Asset Service Provider (VASP) from the Bank of Spain.”
Registration in Italy “from the Organismo Agenti e Mediatori (OAM); registration in Greece from the Hellenic Capital Market Commission; registration in Cyprus from the Securities and Exchange Commission; regulatory approval from the Cayman Islands Monetary Authority; a US Commodity Futures Trading Commission (CFTC) regulated Derivatives Clearing Organization (DCO) and a Designated Contracts Market (DCM); and a pre-registration undertaking with the Ontario Securities Commission and Canada Securities Administrators, among others.”
Founded in 2016, Crypto.com claims it is “trusted by more than 80 million customers worldwide and is the industry leader in regulatory compliance, security and privacy.”
Their vision is simple: Cryptocurrency “in Every Wallet.”
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.”
