The leading cryptocurrency exchange – Crypto.com – obtained a Virtual Asset Service Provider (VASP) registration from the central bank of Spain.
The financial institution has shown a positive stance toward digital asset companies in the past few years, giving a regulatory nod to Binance’s subsidiary – Moon Tech Spain – last summer.
Crypto.com announced the news on its official website, saying the license will allow it to offer a variety of products and services to customers in the Iberian nation.
It added that the registration was secured after complying with anti-money laundering procedures and other safeguard requirements.
CEO Kris Marszalek described the VASP authorization in Spain as “the latest testament to our commitment to compliance and eagerness to work with regulators and public officials in responsibly advancing crypto and blockchain technology.”
Regulatory bodies across the globe have given the marketplace numerous licenses over the years.
Some agencies that have done so are the French Autorité des marchés financiers (AMF), the Financial Conduct Authority (FCA) in the United Kingdom, Italy’s Organismo Agenti e Mediatori (OAM), the Monetary Authority of Singapore (MAS), and others.
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