Crypto.com Dutch Central Bank Grants Official Approval to

Crypto.com has obtained registration approval from De Nederlandsche Bank (DNB), the Dutch central bank.

The approval comes after a thorough evaluation of Crypto.com’s business and compliance practices in alignment with the Netherlands’ Money Laundering and Terrorist Financing Act.

With this regulatory license in hand, Crypto.com is poised to offer a range of crypto services in the Dutch market, including fiat-to-virtual asset exchanges and custodial wallet solutions.

Joining the ranks of 36 registered crypto businesses in the Netherlands, including BitPay, Bitstamp, and Coinbase’s European arm, Crypto.com’s approval marks a milestone for the company.

The Dutch central bank acknowledged that Crypto.com is now authorized to provide exchange services between fiat currencies and virtual assets like Bitcoin (BTC) and Ether (ETH), along with offering customers secure crypto custodial wallets.

Emphasizing the company’s dedication to responsible growth in the industry, Kris Marszalek, the CEO of Crypto.com, expressed the paramount importance of collaboration with regulators.

This partnership ensures a seamless progression for the company while complying with regulatory requirements, ultimately benefiting the customers and the broader crypto community.

Having successfully secured licenses from various jurisdictions worldwide, Crypto.com has demonstrated its commitment to compliance across borders.

Notably, the company obtained a Major Payment Institution (MPI) license for Digital Payment Token (DPT) services from the Monetary Authority of Singapore and holds registration as a crypto-asset business from the UK’s Financial Conduct Authority (FCA).

Moreover, Crypto.com has received approvals from authorities in Dubai, South Korea, Australia, the USA, and other countries, establishing its presence as a reliable and compliant player in the global cryptocurrency market.