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Crypto.com Approved as a Digital Asset Service Provider in France
French's The Autorité de Contrôle Prudentiel et de Résolution (ACPR) and Autorité der Marchés Financiers (AMF) have given Crypto.com permission to operate as a Digital Asset Service Provider (DASP)
This authorization enables the world’s fastest growing cryptocurrency platform, Crypto.com to provide a variety of services to French citizens.
Founded in 2016, Crypto.com has over 50 million customers and is the fastest growing global cryptocurrency platform. “Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepeneurs to develop a fairer and more equitable digital ecosystem”
Crypto.com was approved after a rigorous review around anti-money laundering and combating terrorism financing, in order to receive the regulatory approval.
Kris Marszalek, CEO of Crypto.com sat his sight at the expansion into European territory while introducing the products and services to be offered in France:
“The European market is central to the long-term growth and success of Crypto.com and we are tremendously proud to now receive registration in France from the AMF.
We look forward to continuing to work with the AMF and ACPR as we introduce our products and services in France, offering users a comprehensive, safe and secure crypto platform"
Today’s announcement continues Crypto.com’s regulatory license momentum after receiving approvals from Singapore’s Monetary Authority as a Payment Institution; from the UK’s Financial Conduct Authority of its Virtual Asset License; from Dubai’s Virtual Assets Regulatory Authority; South Korea’s Electronic Financial Transaction Act and Virtual Asset Service Provider; Italy’s registration from the Organismo Agenti e Mediatori (OAM); Greece’s Hellenic Capital Market Comission; Cayman Island’s Monetary Authority regulatory approval; Cyprus’s Securities and Exchange Commission; and Ontario in Canada’s Securities Administration
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Further Read: https://crypto.com/company-news/crypto-com-receives-regulatory-approval-in-france?utm_source=twtr&utm_medium=social&utm_campaign=sep27_francelicense_twtr