Crypto.com has announced that it has obtained a registration as crypto service provider at Netherlands. His rival Binance left the country last month.
Crypto.com declared on Friday that its platform was now registered as a digital asset service provider to the De Nederlandsche Bank NVthe central bank of the Netherlands.
Collaborating with regulators to responsibly advance the crypto and blockchain industry is of paramount importance to Crypto.com. This registration approval is an important milestone for our company and the latest testament to our commitment to compliance,” commented Crypto.com boss Kris Marszalek in a statement.
The Singaporean exchange already held several registrations in Europeparticularly in France, the UK and Spain.
Obtaining his license in Netherlands intervenes while its rival Binance recently withdrew from the Dutch market for regulatory reasons. “Although we have explored many alternative ways of serving Dutch residents in accordance with Dutch regulations, this has unfortunately not resulted in a VASP registration in the Netherlands for the time being,” Binance explained.
A thirty companies offering services cryptoincluding eToro and Coinbase, are now registered with the Dutch regulator.
We’re excited to share that https://t.co/vCNztATSCO has been approved for registration in the Netherlands🇳🇱 as a provider of crypto services.
This registration confirmation follows a comprehensive review of https://t.co/vCNztATSCO’s business and compliance practices.
– Crypto.com (@cryptocom) July 28, 2023
In June, Crypto.com also won a Digital Token license at Singapore.
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