Crypto.com Lands Digital Asset Service Provider (DASP) License in France

Crypto.com has been granted approval by the regulators in France to provide digital asset services in the country, the crypto exchange announced on Wednesday. The cryptocurrency platform reports that it went through rigorous review, particularly around the topics of anti-money laundering and combatting terrorism financing, before receiving regulatory approval. With the approval, Crypto.com said it would bring a suite of products and services in compliance with local regulations to customers in France. Notably, the move comes a month after Binance went through the same process in France, which continues to lead crypto regulation in Europe.

“The European market is central to the long-term growth and success of Crypto.com, and we are tremendously proud to now receive registration in France from the AMF,” said Crypto.com CEO Kris Marszalek.

„Tikimės tęsti darbą su AMF ir ACPR, kai pristatysime savo produktus ir paslaugas Prancūzijoje, siūlydami vartotojams visapusišką, saugią ir saugią kriptovaliutų platformą.

Nors per pastaruosius metus Crypto.com visame pasaulyje kaupė reguliavimo patvirtinimus, Prancūzijos registracija yra naujausia iš eilės, kurią ji gavo Europoje.

Praėjusį mėnesį Crypto.com oficialiai registruotas with the UK's Financial Conduct Authority (FCA) as a crypto asset business. Marszalek had said that the UK represented a “strategically important market,” in light of the government's recent efforts to position itself as a global cryptocurrency hub.

Earlier, in July, the firm said that it had also received regulatory approval from the Italian financial regulator Organismo Agenti e Mediatori (OAM) to operate as a crypto provider.

The Singapore-based crypto platform's strategy of collecting approvals throughout Europe is particularly interesting as according to the anticipated Markets in Crypto Assets (MiCA) regulation from the European Union, companies only need to become registered with one national authority in order to operate across the EU.