Regulation
Crypto.com Receives VASP Approval from Central Bank of Ireland
Crypto.com has announced its approval as a Virtual Asset Services Provider (VASP) by the Central Bank of Ireland.
This achievement follows an in-depth assessment of the company’s compliance measures, particularly its AML/CFT measures. With this approval, Crypto.com can expand its services in Ireland, such as crypto-to-fiat exchange and Fiat Wallet.
Eric Anziani, President and COO of Crypto.com, note,
“This approval from the Central Bank of Ireland is the latest demonstration of our commitment to compliance and responsible innovation. We look forward to expanding our services in Ireland and offering the largest selection of crypto products to consumers.
Global regulatory dynamics
The VASP approval in Ireland is part of Crypto.com’s broader plan to obtain regulatory licenses in different countries. The company has, in recent times, achieved the following major objectives. Crypto.com is a Singapore operation and has received the Major Payment Institution (MPI) license for Digital Payment Token (DPT) and MPI for e-money issuance, account issuance, payment services Cross-border and domestic money transfer through the Monetary Authority of Singapore.
Crypto.com is a well-known DASP registered with the AMF in France. The company also received the operational approval of the Virtual Asset Service Provider License from the Dubai Virtual Assets Regulatory Authority (VARA). Since its operations, Crypto.com has been legally recognized by the FCA as an Electronic Money Institution (EMI) in the United Kingdom.
Crypto.com’s European presence is also demonstrated by its registration in several EU countries. It has obtained VASP registration from the Bank of Spain in Spain and from the Organismo Agenti e Mediatori (OAM) in Italy. Crypto.com is also regulated in Greece by the Hellenic Capital Market Commission and in Cyprus by the Securities and Exchange Commission.
These steps highlight Crypto.com’s continued efforts to adhere to regional financial regulatory frameworks to provide safe and secure services to its customers.
Other international approvals
Outside of Europe, Crypto.com has seen significant success in its regulatory efforts globally. The company is incorporated in South Korea and is licensed under the Electronic Financial Transactions Act as a virtual asset service provider. Crypto.com is regulated by AUSTRAC in Australia as a digital currency exchange provider and independent remittance broker and is licensed by the Australian Securities and Investments Commission (ASIC) as an Australian Financial Services License and credit license.
Crypto.com’s focus on compliance is also reflected in its license issued by the Cayman Islands Monetary Authority, the US CFTC as a designated derivatives clearing organization and contract marketplace, as well as a pre-registration commitment with the Ontario Securities Commission and the Canadian Securities Administrators. .