Crypto.com is now a registered digital asset service supplier within the Cayman Islands a couple of weeks after acquiring its licence in Dubai.
Crypto.com, one of many world’s fastest-growing cryptocurrency platforms, introduced on Thursday, August eleventh, that it had acquired registration and regulatory approval as a Digital Asset Service Supplier from the Cayman Islands Financial Authority.
Tha ks to this newest growth, Crypto.com can supply a set of services and products in compliance with native laws.
Kris Marszalek, Co-Founder and CEO of Crypto.com, commented that;
“This regulatory approval within the Cayman Islands is the most recent instance of Crypto.com’s dedication to compliance and our constructive method to regulator engagement. We sit up for increasing our suite of choices and providers accessible, and persevering with to work with stakeholders throughout sectors on advancing blockchain expertise.”
The cryptocurrency alternate has been increasing its presence globally and now has over 50 million customers on its platform.
Crypto.com mentioned at present’s announcement comes after it acquired in-principle approval for a Main Cost Establishment License from the Financial Authority of Singapore, provisional approval of its Digital Asset License from the Dubai Digital Belongings Regulatory Authority, Digital Monetary Transaction Act and Digital Asset Service Supplier registration in South Korea.
Moreover, Crypto.com can also be registered in Italy underneath the Organismo Agenti e Mediatori (OAM), registered in Greece by the Hellenic Capital Market Fee, and registered in Cyprus by the Securities and Alternate Fee.
Crypto.com has been round since 2016 and presently serves tens of millions of merchants and traders globally.
The Cayman Islands is likely one of the most cryptocurrency-friendly nations on the planet. Digital property (cryptocurrencies and different digital property) within the Cayman Islands are accepted as digital representations of worth that may be electronically traded and used for funding functions.
Crypto.com mentioned it’s dedicated to accelerating the adoption of cryptocurrency through innovation and empowering the following era of builders, creators, and entrepreneurs.