Cryptocurrency platform Crypto.com has received virtual asset service provider (VASP) registration from the Bank of Spain. This approval enables the company to offer cryptocurrency trading and payment services within Spain.
This decision follows a series of approvals from regulatory authorities worldwide, including those in Singapore, the UK, France, Australia, the UAE, Cayman Islands, Greece, Cyprus, Canada, and the US.
The Spanish license was granted after a thorough evaluation of Crypto.com’s anti-money laundering measures. These measures have been a critical factor for many crypto companies seeking regulatory approval, a reality acknowledged by Crypto.com’s CEO, Kris Marszalek.
“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,” stated Marszalek.