Crypto.com, a popular crypto exchange, has declared that the Bank of Spain has provided a Virtual Asset Service Provider (VASP) license to it. On its website, the platform mentioned that it has remained effective in obtaining the respective registration after a huge struggle. As per it, the company thoroughly reviewed its abidance with the Anti-Money Laundering Directive (AMLD) as well as the rest of the financial crime-related laws.
The Bank of Spain Offers VASP License to the Famous Crypto Exchange Crypto.com
In addition to this, the crypto exchange has also taken several other measures to ensure the safety of its consumers. In line with these developments, the bank has offered the registration with which the company may operate in the Spanish jurisdiction. The people living in Spain can leverage the services and products that Crypto.com provides. The platform’s Chief Executive Officer Kris Marszalek also remarked on this development.
The executive disclosed that getting the VASP registration within Spain indicates that the firm is committed to achieving its targets. According to the executive, the chief objective of the platform is to guarantee eagerness and compliance. This would enhance the company’s collaboration with public officials as well as the regulatory agencies, the executive added.
Marszalek asserted that these are the things that play a significant role in the expansion of the span of blockchain technology and cryptocurrency. In addition to this, the CEO pointed out that the crypto exchange looks forward to keep on operating in collaboration with the Bank of Spain, the central bank of the country. In the executive’s words, this would be assistive in offering a secure, comprehensive, and safe crypto experience to the people with the latest services and products.
The Latest Registration Maintains the Firm’s Momentum in Regulatory Compliance
The current announcement made by Crypto.com enhances its momentum for regulatory licenses. In this respect, the platform has already received the Major Payment Institution (MPI) registration for the Digital Payment Token (DPT). Moreover, it has also obtained MPI to issue e-money, domestic and cross-border funds transfer services from the Singaporean monetary authority.
Additionally, the platform has also remained effective in getting several licenses in Canada, the US, and some other jurisdictions. The crypto exchange was established back in the year 2016. It is trusted by above eighty million consumers around the world. Furthermore, it is considered to be the leader in the industry in the case of regulatory compliance, privacy, and security.
