Crypto.com Receives Regulatory Approval In France

The country’s leading financial regulators have approved Crypto.com’s operation as a Digital Asset Service Provider (DASP) in France.

The approvals from the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) follow audits of its AML and counter-terrorism funding systems.

Kris Marszalek, CEO of Crypto.com, said in the statement:

“The European market is central to the long-term growth and success of Crypto.com and we are tremendously proud to now receive registration in France from the AMF.

We look forward to continuing to work with the AMF and the ACPR as we introduce our products and services in France, offering users a comprehensive, safe and secure crypto platform.”

French regulators had also approved rival exchange Binance in May of this year.

Crypto.com has campaigned for regulatory permissions all around the world this year. The exchange was granted permission to operate in Italy in July. The UK’s Financial Conduct Authority added the business to its cryptoasset registration a month later. The Singapore-based cryptocurrency platform announced that it had completed the Service Organization Control (SOC) 2 Type II Compliance audit in August.

However, recently, the exchange had to cancel a deal to sponsor $495 million for the Champions League Sponsorship (UAFA) at the last minute. The reason for the cancellation of this exchange’s sponsorship is due to the strong bear market.

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