- Crypto.com receives approval from the central bank of the Netherlands to legally operate as a cryptocurrency platform, marking a milestone in industry regulatory compliance.
- The platform demonstrates its global commitment to regulation by obtaining multiple licenses and approvals in various jurisdictions, including Singapore and the UK.
- Crypto.com works closely with regulators in Europe and North America, setting a new standard in industry compliance for cryptocurrencies and blockchain technology.
Crypto.com, a leading platform in the crypto industry, has recently received registration approval from De Nederlandsche Bank (DNB), the central bank of the Netherlands, establishing Crypto.com as a cryptocurrency service provider. in this European nation.
The approval reflects its commitment to compliance and transparency in all of its operations.
Regulatory breakthrough in the Netherlands
The official recognition given by De Nederlandsche Bank is a significant milestone for Crypto.com. With this approval, the platform can legally operate in the Netherlands, bringing new opportunities to cryptocurrency enthusiasts in this region.
The Dutch central bank thoroughly assessed Crypto.com’s business and compliance procedures, acknowledging its responsible approach to preventing money laundering and terrorist financing, in line with the Money Laundering and Terrorist Financing (Prevention) Act. Terrorism (Wwft) of the country.
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Global commitment to regulation. Crypto.com CEO Kris Marszalek expressed his satisfaction at this approval and highlighted its importance to the company. Likewise, he emphasized the relevance of working together with regulators to promote responsible growth in the cryptocurrency industry and blockchain technology.
“Collaborating with regulators to responsibly advance the crypto and blockchain industry is of paramount importance to Crypto.com. This registration approval from De Nederlandsche Bank is a significant milestone for our business and the latest testament to our commitment to compliance. We look forward to continuing to work with DNB and other regulators around the world.”
This approval in the Netherlands adds to the growing list of regulatory licenses obtained by Crypto.com in different parts of the world.
These include a Principal Payment Institution (MPI) license for digital payment token (DPT) services from the Monetary Authority of Singapore, as well as registration as a crypto business from the UK Financial Conduct Authority.
Long term commitment
Crypto.com’s close collaboration with regulators in Europe, Asia and North America reinforces its global commitment to regulatory compliance.
The approvals obtained in different countries, including the recent one from the Netherlands, add to the commitment to work together with the regulators of the European Union in Spain, thus shaping the responsible future of cryptocurrencies in the region.
These actions build user trust and demonstrate your dedication to the security and protection of your customers’ digital assets. With each regulatory approval, Crypto.com moves closer to its goal of leading the industry in cryptocurrency compliance and laying a strong foundation for the future of this innovative technology.