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Crypto.com gets regulatory approval in Cyprus

on Jul 22, 2022
Updated: Aug 11, 2022
  • Crypto.com has received a regulatory approval from the Cyprus Securities and Exchange Commission (CySEC).
  • The Approval allows Crypto.com to further its European presence.
  • Crypto.com currently serves more than 50 million customers across the world.

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Crypto.com, one of the world’s fastest-growing cryptocurrency platforms, has today received regulatory approval from the Cyprus Securities and Exchange Commission (CySEC) allowing it to extend its crypto services in Cyprus.

The approval allows Crypto.com to offer its suite of products and services in the European country in compliance with the local authorities.

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Commenting about the regulatory approval, the Co-Founder and CEO of Crypto.com, Kris Marszalek, said:

“Europe is a priority region for Crypto.com and our continued expansion in the market is a testament to our commitment to compliance and collaboration with regulators. Our registration in Cyprus is the next significant step in our continued progress as we expand our products and services to more customers.”

Crypto.com’s expansion

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Crypto.com is actively expanding its ecosystem outside the US where it was founded. The company started with a rigorous campaign that saw it have a stadium in the US named after it before setting its eyes outside the US.

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Today’s regulatory approval in Cyprus comes right on the heels of receiving a registration license in Greece from the Hellenic Capital Market Commission, a registration license in Italy from the Organismo Agenti e Mediatori (OAM), an in-principle approval in Singapore for a Major Payment Institution License from the Monetary Authority of Singapore, and a provisional approval in Dubai for its Virtual Asset License from the Dubai Virtual Assets Regulatory Authority.

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The expansion aligns Crpto.com with its commitment to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of creators, builders, and entrepreneurs across the world.

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