Crypto.com Gets Regulatory Approval to Operate in the Netherlands
Crypto.com, a leading player in the cryptocurrency space, has been granted registration approval by De Nederlandsche Bank (DNB), the central bank of the Netherlands.
This regulatory clearance aligns with the country’s Money Laundering and Terrorist Financing (Prevention) Act (Wwft) after thoroughly assessing Crypto.com’s business operations and compliance protocols.
This endorsement signifies an official green light for Crypto.com to offer cryptocurrency services within the Netherlands. It showcases the platform’s strong commitment to adhering to regulatory standards. Kris Marszalek, CEO of Crypto.com, views this milestone as a crucial achievement for the company.
Marszalek stated, “Obtaining registration approval from De Nederlandsche Bank marks a significant moment for our business and further demonstrates our dedication to compliance. Engaging in responsible collaboration with regulators to drive progress in the crypto and blockchain industry remains paramount for Crypto.com.”
The approval from the Dutch authorities complements Crypto.com’s growing collection of regulatory licenses obtained worldwide.
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These include a Major Payment Institution (MPI) license for Digital Payment Token (DPT) services from the Monetary Authority of Singapore, as well as registration as a crypto-asset business from the UK’s Financial Conduct Authority, alongside various other approvals from authorities in Europe, Asia, and North America.
As Crypto.com continues to navigate the ever-changing regulatory landscape and secure additional approvals, it sets a new standard for compliance within the crypto domain.
The recent approval in the Netherlands follows similar regulatory successes in Spain, demonstrating Crypto.com’s dedication to collaboration with European Union regulators as they reshape the relationship between EU countries and crypto enterprises.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
