Crypto.com secures an official license in Spain

Crypto.com secures an official license in Spain
The leading cryptocurrency exchange - Crypto.com - received registration as a virtual asset service provider (VASP) from the Spanish Central Bank.
The financial institution has shown a positive attitude towards digital asset companies in recent years and has given the subsidiary of Binance-Moon Tech Spain-a regulatory nod last summer.
- crypto.com announced the news on his official website and said that the license would enable him to offer customers in the Iberian country a variety of products and services.
- It added that the registration was secured after compliance with the procedures to combat money laundering and other protective requirements.
- CEO Kris Marszalek described the VASP authorization in Spain as “the latest proof of our engagement for compliance and our will to work with regulatory authorities and civil servants in order to drive the crypto and blockchain technology responsibly.”
- regulatory authorities around the world have given the market numerous licenses over the years.
- Some agencies that have done this are the French authorité of the Marchés Financiers (AMF), the Financial Conduct Authority (FCA) in the United Kingdom, Italy's organizo Agenti e Mediatori (OAM), the Monetary Authority of Singapore (MAS) and others.
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