- Crypto.com has earned approvals from seven other regulatory bodies in the recent past.
- The exchange’s approval in the Netherlands comes weeks after Binance withdrew its license application.
- Crypto.com seems to be beating its main competitor Binance in regulatory approvals around the world.
The well-known cryptocurrency exchange Crypto.com has made history by obtaining authorization for registration from the Dutch Central Bank (DNB) to provide its services in the Netherlands.
Following careful adherence to the nation’s Money Laundering and Terrorist Financing (Prevention) Act, Crypto.com received the DNB’s approval, demonstrating the exchange’s commitment to upholding strict regulatory requirements.
This accomplishment, according to CEO Kris Marszalek, is a turning point for the company’s service and demonstrates the exchange’s commitment to cooperating closely with regulators to advance the industry responsibly.
Crypto.com regulatory approvals around the world
The latest endorsement for Crypto.com by the Dutch regulatory body adds to a long list of worldwide endorsements. The Monetary Authority of Singapore, as previously reported here, and the UK’s Financial Conduct Authority, as previously reported here, are among seven other regulatory bodies that have already approved the exchange.
The exchange has improved its standing as a trustworthy player in the cryptocurrency industry thanks to its outstanding success in navigating challenging regulatory environments and obtaining required certifications. Notably, Crypto.com recently acquired a regulatory licence in Spain, underscoring its unwavering commitment to upholding legal requirements.
Looking ahead, Crypto.com wants to strengthen its relationships with EU authorities in anticipation of the Markets in Crypto-Assets (MiCA) regulations that will change how EU countries deal with the cryptocurrency industry. By taking a proactive stance, Crypto.com is positioned to play a significant role in influencing the European crypto industry’s future.
Crypto.com in the Netherlands
With each new regulatory approval, Crypto.com cements its position as a leading and trusted cryptocurrency exchange, bolstering investor confidence and opening up exciting possibilities for further expansion. As the crypto market continues to evolve, the exchange’s dedication to compliance stands as a beacon of reliability, attracting both seasoned and novice investors.
Crypto.com’s clearance by the Dutch Central Bank underscores the exchange’s exceptional commitment to compliance and responsible practices. The company’s growing list of approvals from various global regulatory bodies positions Crypto.com at the forefront of the crypto industry’s transformation.
