The Central Bank of Ireland has awarded Virtual Asset Service Provider (VASP) approval to crypto exchange Crypto.com.
The company with more than 100 million customers worldwide and a leader in regulatory compliance, security and privacy, said the approval follows a thorough review of Crypto.com’s commitment to compliance, including its anti-money laundering and combating the financing of terrorism capabilities. The approval will enable Crypto.com to further its offering in Ireland, including crypto to fiat exchanges and fiat wallets. it said.
“This approval from the Central Bank of Ireland is the latest testament to our commitment to compliance and responsible innovation,” said Eric Anziani, President and COO of Crypto.com. “We are excited to broaden our offering in Ireland, enabling consumers to engage with the most comprehensive crypto product offering.”
In a statement welcoming the approval, the company said the announcement continues its regulatory licence momentum, having received its Major Payment Institution (MPI) licence for Digital Payment Token (DPT) and its MPI for e-money issuance, account issuance, cross border and domestic money transfer services from the Monetary Authority of Singapore; registration as a Digital Asset Service Provider (DASP) by the Autorité des marchés financiers (AMF) in France; full operational approval of its Virtual Asset Service Provider Licence from the Dubai Virtual Assets Regulatory Authority (VARA); authorization as an Electronic Money Institution (EMI) by the UK’s Financial Conduct Authority (FCA); Electronic Financial Transaction Act and Virtual Asset Service Provider registration in South Korea; registration approval as a Digital Currency Exchange Provider and Independent Remittance Dealer in Australia by AUSTRAC; an Australian Financial Services Licence and Australian Credit Licence from the Australian Securities and Investments Commission (ASIC); registration in Spain as a Virtual Asset Service Provider (VASP) from the Bank of Spain; registration in Italy from the Organismo Agenti e Mediatori (OAM); registration in Greece from the Hellenic Capital Market Commission; registration in Cyprus from the Securities and Exchange Commission; regulatory approval from the Cayman Islands Monetary Authority; a US Commodity Futures Trading Commission (CFTC) regulated Derivatives Clearing Organization (DCO) and a Designated Contracts Market (DCM); and a pre-registration undertaking with the Ontario Securities Commission and Canada Securities Administrators, among others.
