Crypto.com has been granted registration by the central bank of the Netherlands to provide crypto services. This comes shortly after its competitor, Binance, failed to secure registration and had to exit the country. The registration approval aligns with the Netherlands’ Money Laundering and Terrorist Financing Act. Crypto.com’s CEO, Kris Marszalek, emphasized the importance of collaborating with regulators and stated that this approval is a significant milestone for the company. Crypto.com has received regulatory approvals in various jurisdictions, including Singapore, France, Italy, the U.K., Dubai, and Australia. Other crypto firms, such as Coinbase Europe and Bitstamp Europe, have also secured registration in the Netherlands. The central bank of the Netherlands refuses registration to applicants who fail to provide required information or if they are deemed unfit or improper. Binance has expressed its intention to continue dialogue with Dutch regulators despite leaving the market last month.
– Crypto.com secures registration with the central bank of the Netherlands for crypto services.
– The registration approval aligns with the Netherlands’ Money Laundering and Terrorist Financing Act.
– CEO Kris Marszalek emphasizes the importance of collaborating with regulators.
– Crypto.com has received regulatory approvals in multiple jurisdictions.
– Other crypto firms, including Coinbase Europe and Bitstamp Europe, have also secured registration in the Netherlands.
Hot Take: Crypto.com’s successful registration in the Netherlands highlights its commitment to compliance and responsible advancement of the crypto industry. This achievement gives the company access to the Dutch market and strengthens its position as a reputable crypto service provider. With the increasing regulatory scrutiny in the crypto space, obtaining registrations and approvals in various jurisdictions is crucial for companies to gain trust and expand their operations. Crypto.com’s ability to secure registration in the Netherlands while its competitor, Binance, faced challenges underscores its proactive approach to regulatory compliance.
By
By
By
By
By