The turbulence caused by the bears did not deter the expansion plans of several prominent crypto networks. After focusing on Asia for quite some time, platforms across the industry have been seeing potential in the European region. Crypto.com has been on a European expedition, trying to garner the approval of regulators across the region. More recently, the firm managed to acquire a green signal from regulators in France.
Following a “rigorous review” process, the exchange reportedly emerged as a registered Digital Asset Service Provider [DASP] in the region. Right after the consent from Autorité de Contrôle Prudentiel et de Résolution [ACPR], Crypto.com further got a thumbs up from the Autorité des marchés financiers [AMF] to operate as a DASP.
With this registration, the firm will be allowed to provide a wide range of its services to the citizens of France.
Crypto.com, in a recent blog post, elaborated on the process behind attaining the aforementioned registration. The platform further noted that an extensive review was conducted particularly with regard to anti-money laundering and combating the financing of terrorism.
Addressing its latest move, Kris Marszalek, CEO of Crypto.com said,
“We look forward to continuing to work with the AMF and the ACPR as we introduce our products and services in France, offering users a comprehensive, safe, and secure crypto platform.”
Will Crypto.com tick more European countries off its list?
As mentioned earlier, Crypto.com has been tirelessly expanding its services across the globe. This year alone, the firm legally veered into South Korea, Dubai, Singapore, Cyprus, Greece, Italy as well as the UK. Now, the inclusion of France pointed out how the firm is likely to explore more countries across the region.
Marszalek further added,
“The European market is central to the long-term growth and success of Crypto.com and we are tremendously proud to now receive registration in France from the AMF.”