- Crypto.com has scored another regulatory win.
- This comes after the exchange recently secured VARA’s full approval in Dubai.
- The latest win underscores the exchange’s commitment to regulatory compliance.
Singapore-based exchange Crypto.com announced on Tuesday that it has received the Central Bank of Ireland’s approval to operate as a Virtual Asset Service Provider (VASP).
The development follows Crypto.com’s recent win in Dubai when it secured full operational approval from the Virtual Assets Regulatory Authority (VARA) on April 9, allowing the exchange to launch regulated digital asset services in the region.
Ireland Expansion
According to a statement dated June 11, Crypto.com’s regulatory approval in Ireland followed a “thorough review” of the exchange’s commitment to compliance and abilities to combat money laundering and financing of terrorism.
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With the approval, Crypto.com will expand its offerings in the country to include crypto to fiat exchanges and fiat wallets.
“This approval from the Central Bank of Ireland is the latest testament to our commitment to compliance and responsible innovation,” Crypto.com. President and COO Eric Anziani stated. “We are excited to broaden our offering in Ireland, enabling consumers to engage with the most comprehensive crypto product offering.”
Ireland’s approval continues Crypto.com’s regulatory momentum, which has seen it secure multiple licenses and registration approvals worldwide.
In addition to VARA’s VASP license, Crypto.com holds Singapore’s Major Payment Institution (MPI) license for Digital Payment Token (DPT), an Australian Financial Services License, and registration approval as a Digital Asset Service Provider (DASP) by the Autorité des marchés financiers (AMF) in France.
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The exchange also has the UK FCA’s authorization as an Electronic Money Institution (EMI) and a pre-registration undertaking with the Ontario Securities Commission and Canada Securities Administrators, among others.
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