Crypto.com obtains registration with the central bank of the Netherlands
Singapore-based crypto exchange, Crypto.com, has announced that it has obtained registration with the central bank of the Netherlands, De Nederlandsche Bank (DNB). This registration follows a comprehensive review of Crypto.com’s business and compliance practices.
Key Points:
- Crypto.com’s registration comes after a thorough review of its business and compliance practices under the Netherlands’ Money Laundering and Terrorist Financing Act.
- The Dutch central bank has approved 36 crypto exchanges to offer their services in the country.
- Kris Marszalek, CEO of Crypto.com, emphasizes the importance of collaborating with regulators to responsibly advance the crypto and blockchain industry.
- Crypto.com has received registration as a Virtual Asset Services Provider (VASP) from the Bank of Spain, allowing it to offer its products and services in Spain.
- Unlike Binance, Crypto.com has successfully obtained registration in the Netherlands, expanding its reach in Europe.
Hot Take:
Crypto.com’s registration with the central bank of the Netherlands is a significant milestone for the exchange and demonstrates its commitment to compliance. By collaborating with regulators, Crypto.com aims to advance the crypto and blockchain industry in a responsible manner. This registration further solidifies Crypto.com’s regulatory approval momentum and expands its presence in Europe.
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