Crypto[.]Com Expands In Europe While Binance Faces Hurdles
Also Read: Ripple Highlights CBDC Adoption; XRP Price Drops 3%
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In order to gain a VASP permit in Spain, Crypto.com went under review for compliance with Anti-Money laundering rules, AMLD, and other finance linked directives. The crypto exchange will now be able to provide its suite of products and services to Spain’s digital asset users.
Kris Marszalek, CEO of Crypto.com stated that receiving the Virtual Asset Service Provider permit in Spain shows their commitment towards compliance in working with global regulators.
Meanwhile, Crypto.com received a backlash over allegedly deploying internal teams to trade tokens for profit making.
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