Crypto.com secures VASP registration in Spain toward ‘Cryptocurrency in Every Wallet’
“We look forward to continuing to work with the Bank of Spain as we launch our products and services in-market and providing users with the comprehensive, safe and secure crypto experience that they desire.”
Crypto.com has announced it has secured its long-awaited Virtual Asset Service Provider (VASP) registration from the Bank of Spain, a significant milestone for the crypto exchange as the US market becomes a regulatory minefield.
The registration followed a comprehensive review of its compliance with Anti-Money Laundering Directive (AMLD) and other financial crimes laws, as well as measures to safeguard users.
The VASP registration in Spain follows several registrations and regulatory approvals in other jurisdictions, including Singapore, France, the United Kingdom, Dubai, South Korea, Australia, Italy, Greece, Cyprus, the Cayman Islands, the United States, and Canada.
Working with regulators and public officials in responsibly advancing crypto
Founded in 2016, Crypto.com has grown its client base to more than 80 million customers worldwide, while maintaining its focus on regulatory compliance, security, and privacy.
‘Cryptocurrency in Every Wallet’ is Crypto.com’s motto as it 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.
Crypto.com will now be able to offer a suite of its products and services to users in Spain.
Kris Marszalek, CEO of Crypto.com, said: “Receiving the VASP registration from the Bank of Spain is the latest testament to our commitment to compliance and eagerness to work with regulators and public officials in responsibly advancing crypto and blockchain technology. We look forward to continuing to work with the Bank of Spain as we launch our products and services in-market and providing users with the comprehensive, safe and secure crypto experience that they desire.”
Crypto.com’s regulatory licence momentum is made out of several milestones, including:
- securing Major Payment Institution (MPI) licence 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 crypto asset business from the UK Financial Conduct Authority (FCA);
- approval of its MVP Preparatory Licence 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 Licence and Australian Credit Licence from the Australian Securities and Investments Commission (ASIC);
- 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);
- a pre-registration undertaking with the Ontario Securities Commission and Canada Securities Administrators