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].
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 and Terrorist Financing Prevention Act. Kris Marszalek, CEO of Crypto.com, asserted that collaborating with regulators to responsibly advance the crypto industry is “of paramount importance” to Crypto.com. Moreover, he looks forward to continue working with regulators around the world. Commenting on the latest license approval, he said,
“This registration approval from De Nederlandsche Bank is a significant milestone for our business and the latest testament to our commitment to compliance.”
With regulatory oversight becoming stricter, other prominent companies have started bidding adieu to the Netherlands. Last month, Binance announced that it was unable to register as a virtual asset service provider with the Dutch regulator. As a result, it is no longer in a position to serve Dutch clients.
Last month, Crypto.com received its Major Payment Institution [MPI] license from the Monetary Authority of Singapore in June. The exchange can now continue to extend its Digital Payment Token [DPT] services to customers in Singapore. In March, the company attained an ‘MVP Preparatory License‘ from Dubai’s Virtual Assets Regulatory Authority. Parallelly, it has registrations or re-registration undertakings across several other regions including France, South Korea, the U.K., Australia, Italy, Greece, Cyprus, the Cayman Islands, The U.S., and Canada. The company has also undertaken other collaborations, bagging new partnerships with companies like Samsung.