Crypto.com has been approved by regulators in France to provide digital asset services in the country, the crypto exchange announced on Wednesday. The cryptocurrency platform reported that before receiving regulatory approval, it underwent a rigorous review, particularly on topics related to anti-money laundering and combating the financing of terrorism. With the approval, Crypto.com said it will bring a suite of products and services to customers in France in compliance with local regulations. Notably, the move comes a month after Binance went through the same process in France, which continues crypto regulation in Europe.
“The European market is central to Crypto.com’s long-term growth and success, and we are extremely proud to receive registration in France from the AMF,” said Crypto.com CEO Chris Marszalek,
“We look forward to continuing to work with AMF and ACPR as we introduce our products and services in France, offering users a comprehensive, safe and secure crypto platform.”
While Crypto.com has been accumulating regulatory approvals around the world over the past year, the French registration is the latest in a string it has received in Europe.
Last month, Crypto.com Officially registered With the UK’s Financial Conduct Authority (FCA) as a crypto asset business. Marszalek said the UK represented a “strategically important market” in light of the government’s recent efforts to position itself as a global cryptocurrency hub.
Earlier, in July, the firm said it had also received regulatory approval Italian financial regulator Organismo Agenti e Mediatori (OAM) will act as a crypto provider.
The Singapore-based crypto platform’s policy of gathering approvals across Europe is particularly interesting as the EU’s expected Markets in Crypto Assets (MiCA) regulation requires companies to register with just one national authority to operate across the EU. .
