Today, Crypto.com, a major player in the cryptocurrency market with over 80 million users worldwide, announced that it had received formal registration as a crypto services provider from De Nederlandsche Bank (DNB). The extensive evaluation of Crypto.com’s practices and compliance with Dutch money laundering and terrorism financing avoidance legislation (Wwft) led to its recognition.

Since its launch in 2016, Crypto.com has established itself as a dependable player in the cryptocurrency industry by adhering to security protocols, regulations, and user privacy. The company’s goal is to make sure that “every wallet contains cryptocurrency.” It also aims to increase cryptocurrency adoption through innovation, making the digital environment more equitable for future generations of inventors, innovators, and entrepreneurs.

Crypto.com CEO Kris Marszalek emphasized the significance of cooperating with regulators to responsibly advance in the blockchain and cryptocurrency industries. He was pleased that his company had been granted permission by De Nederlandsche Bank, which he regarded as a significant accomplishment for them and further evidence of their adherence to regulations. Marszalek went on to reaffirm Crypto.com’s commitment to working with DNB and other global regulatory agencies.

By receiving new approval, Crypto.com is strengthening its commitment to adherence to international standardization of regulations. In addition to providing domestic and international money transfer services from the Monetary Authority of Singapore, this appointment adds to their list of regulatory qualifications, which also includes acquiring an MPI license for the (DPT) Digital Payment Token. Crypto.com has been recognized by a number of financial authorities, including the AFR in France, which registered them as a Digital Asset Service Provider (DASP), the Financial Conduct Authority in the United Kingdom, which approved their crypto asset business, and the Bank of Spain, which registered them as Virtual Asset Service Providers (VASPs).

Foris DAX Global, a crypto service provider that is a part of the Crypto.com network, has been officially registered in the Dutch Central Bank (DNB)’s public register. DNB will keep an eye on the business to make sure it follows the Sanctions Act (Sanctiewet 1977 – Sw) as well as the AML and ATFA laws. Despite the fact that DNB doesn’t give prudential oversight or direct management by the AFM (Expert for the Monetary Business sectors), this enlistment is a significant stage for Crypto.com to offer its administrations inside the Netherlands.

According to our Crypto.com review, the company has reached a significant milestone by receiving approval for registration as a reputable crypto service provider in the Netherlands, further securing its position in the global market. Compliance with applicable regulations is increasingly becoming an essential concern for those involved in the cryptocurrency industry. The fact that Crypto.com is committed to complying with regulations in a number of different countries demonstrates the company’s intention to build a platform that is reliable and safe for people all over the world.

The endorsement from De Nederlandsche Bank demonstrates Crypto.com’s proactive approach to complying with regulations and strengthens the company’s standing as a leader in the crypto industry. Crypto.com can continue to advance cryptocurrency usage and construct the digital asset environment in the future with the support of official permissions.

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