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Dubai-based branch of Crypto.com, CRO DAX Middle East FZE, has received a virtual asset service provider license for certain virtual asset servicing activities . The license from the Dubai Virtual Assets Regulatory Authority (VARA) means that Crypto.com fully satisfies the selected conditions and localization requirements specified by the regulator. According to the blog statement, once the VASP license is approved, Crypto.com can offer virtual asset services, including exchange services, broker-dealer services, management and investment services, and lending and borrowing services. You might also like: Crypto.com launches new derivatives product This list of services will be available to retail and institutional users in the marketplace through the app and the web version. “We are excited to showcase more of our industry-leading products to customers across permissible jurisdictions from Dubai, and look forward to working with regulators contributing to this thriving ...

Crypto.com has successfully secured registration approval as a provider of crypto services in the Netherlands. The permission was granted by the central bank of the region, De Nederlandsche Bank [DNB]. We're excited to share that https://t.co/vCNztATSCO has been approved for registration in the Netherlands🇳🇱 as a provider of crypto services. This registration confirmation follows a comprehensive review of https://t.co/vCNztATSCO’s business and compliance practices. Learn… pic.twitter.com/MSiRJJ9KDy — Crypto.com (@cryptocom) July 28, 2023 Also Read:  Crypto.com Unveils Collaboration with Samsung Approval is a Significant Milestone: Crypto.com CEO Crypto.com ’s official announcement pointed out that the aforementioned registration confirmation came on the back of “a comprehensive review” of the exchange’s business. The company’s compliance policies are in line with the Netherlands’ Money Laundering...

Also Read: Ripple Highlights CBDC Adoption; XRP Price Drops 3% advertisement 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. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Progra...