Crypto.com has been authorized to operate in France as a Digital Asset Service Provider (DASP) by the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Resolution (ACPR).
The company pointed out that it had undergone a rigorous review process in its application for regulatory approval, particularly in terms of anti-money laundering and combating the financing of terrorism.
Crypto.com also received regulatory approval from the Organismo Agenti e Mediatori to operate in Italy in July, as well as from the Monetary Authority of Singapore and the dubai Virtual Assets Regulatory Authority in June.
Founded in 2016 and based in Singapore, the platform currently serves some 50 million customers.
“The European market is central to Crypto.com’s growth and long-term success and we are extremely proud to now receive registration in France from the AMF,”
said Kris Marszalek, CEO of Crypto.com.