Crypto.com, a prominent centralized cryptocurrency exchange, has obtained a regulatory license in Spain, enabling it to expand its services to users in the country. The exchange has also recently shut down its institutional business in the United States due to limited demand.
The VASP registration in Spain allows Crypto.com to offer its comprehensive suite of products and services to users in the country, including spot trading, margin trading, staking, and DeFi.
The exchange conducted a thorough review to ensure compliance with the Anti-Money Laundering Directive (AMLD) and other financial crimes laws.
Kris Marszalek, the CEO of Crypto.com, expressed his satisfaction with obtaining the VASP registration in Spain. He emphasized the exchange’s dedication to compliance and its willingness to collaborate with regulators to drive the advancement of cryptocurrency and blockchain technology.
Marszalek highlighted the exchange’s focus on delivering a comprehensive, secure, and user-friendly crypto experience for its customers in the Spanish market.
Crypto.com’s regulatory license in Spain adds to its growing list of licenses obtained worldwide. Prior to this, the exchange received a similar license in Singapore, showcasing its commitment to compliance in various regions.
Crypto.com already holds licenses in France, the UAE, Cyprus, and other jurisdictions, further solidifying its position as a trusted and compliant crypto exchange.
While Crypto.com’s expansion in Spain is a positive development, the exchange recently made the decision to shut down its institutional business in the United States.
Judith Faith has been writing about cryptocurrencies and blockchain technology for over five years. She is well versed in the industry and has an extensive network of industry contacts. She is also a frequent contributor to various cryptocurrency publications. With her vast knowledge and experience, she is able to provide insightful and valuable content to her readers. Judith is also an active investor in the cryptocurrency space and has a vested interest in the success of the industry.
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