Crypto.com, the leading cryptocurrency platform trusted by more than 80 million customers worldwide, has achieved another significant milestone in its mission to advance the adoption of cryptocurrencies responsibly.
The company announced today that it has received registration approval from De Nederlandsche Bank (DNB), allowing it to operate as a provider of crypto services in the Netherlands.
This latest regulatory endorsement follows a thorough evaluation of Crypto.com’s business and compliance measures in accordance with the Netherlands’ Money Laundering and Terrorist Financing (Prevention) Act (Wwft).
The CEO of Crypto.com emphasized the company’s commitment to collaborate with regulators to responsibly advance the crypto and blockchain industry.
He considers the registration approval from De Nederlandsche Bank as a significant milestone for their business and a testament to their dedication to compliance. They express their eagerness to continue working with DNB and other regulators globally.
Crypto.com’s latest achievement in the Netherlands is part of a broader trend of regulatory success for the company across various international jurisdictions.
In recent times, the company has secured several licenses and approvals from regulatory bodies, solidifying its position as a pioneer in regulatory compliance within the crypto industry.
Some of the notable regulatory licenses and approvals obtained by Crypto.com include:
– Major Payment Institution (MPI) licenses for Digital Payment Token (DPT) and e-money issuance, account issuance, cross-border, and domestic money transfer services from the Monetary Authority of Singapore.
– Registration as a Digital Asset Service Provider (DASP) by the Autorité des marchés financiers (AMF) in France.
– Registration approval as a crypto-asset business from the UK Financial Conduct Authority (FCA) and others.
In addition to its regulatory successes, Crypto.com has been actively expanding its offerings to enhance user experiences. Recently, the platform launched on-chain staking services, allowing users in select markets to stake their assets and support projects while earning returns over time.
Moreover, Crypto.com announced plans for an innovation hub in Singapore that will drive the development and adoption of Web3 and AI technologies.
With its latest registration approval from De Nederlandsche Bank in the Netherlands and its strong track record of regulatory compliance, Crypto.com is poised to play a pivotal role in shaping the future of cryptocurrencies in Europe and beyond.
