20.06.2024

Crypto.com is now signed up as a digital asset service provider in the Cayman Islands

Crypto.com is currently a registered digital property provider in the Cayman Islands a couple of weeks after obtaining its licence in Dubai. Crypto.com, one of the globe &’s fastest-growing cryptocurrency systems, announced on Thursday, August 11th, that it had gotten registration as well as regulatory approval as a Virtual Asset Service Provider from the Cayman Islands Monetary Authority.

Tha ks to this most recent development, Crypto.com&can use a suite of product or services in compliance with local guidelines. Kris Marszalek, Co-Founder and also CEO of Crypto.com, commented that; & This regulatory authorization in the Cayman Islands is the most recent instance of Crypto.com &’s commitment to compliance and our positive approach to regulator involvement.

We anticipate expanding our collection of offerings and services readily available, and also remaining to&work with stakeholders throughout industries on advancing blockchain technology. The cryptocurrency exchange has been increasing its visibility around the world and now has more than 50 million individuals on its system.

Crypto.com stated today &’s news follows it got in-principle authorization for a Major Payment Institution License from the Monetary Authority of Singapore, provisionary authorization of its Virtual Asset License from the Dubai Virtual Assets Regulatory Authority, Electronic Financial Transaction Act and also Virtual Asset Service Provider enrollment in South Korea.

Furthermore, Crypto.com is also signed up in Italy under the Organismo Agenti e Mediatori( OAM ), registered in Greece by the Hellenic Capital Market Commission, and signed up in Cyprus by the Securities and also Exchange Commission.

Crypto.com has been around given that 2016 and also currently serves countless traders and capitalists around the world. The Cayman Islands is just one of one of the most cryptocurrency-friendly nations in the world.

Virtual properties (cryptocurrencies and also other electronic properties) in the Cayman Islands are approved as electronic depictions of worth that can be electronically traded as well as made use of for investment objectives.

Crypto.com said it is devoted to speeding up the fostering of cryptocurrency via development as well as equipping the next generation of developers, business owners, and home builders.

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