Singapore-based cryptocurrency exchange Crypto.com announced that it has obtained a Digital Asset Service Provider (DASP) license from France’s regulator, following Binance and Luno.
Crypto.com is France’s financial regulator, in a post today. Autorité des Marchés FinanciersHe announced that he had signed up for AMF (AMF). Thanks to this regulatory approval of Crypto.com, it will have legal authority to “buy or sell digital assets through legal tender” within France.
In the announcement shared by the company, “Crypto.com has undergone rigorous scrutiny to gain regulatory approval, particularly in the fight against money laundering and terrorist financing.” was stated.
The company is entering new markets in the midst of a difficult period for the crypto space, which has lost billions of dollars in value due to global high inflation and high interest rates. Cryptocurrency company last month South Korea and ItalyIt was licensed to operate in the UK and registered by the regulatory authorities in the UK.
Binance CEO CZ France, which is seen as the center of cryptocurrencies in Europe by Europe, had also given service provider licenses to well-known exchanges such as Binance and Luno in the previous process.