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Crypto.com granted regulatory approval in France

on Sep 28, 2022
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  • Crypto.com has been registered as a Digital Asset Service Provider (DASP) in France.
  • The crypto exchange received the approval from the Autorité des marchés financiers (AMF).
  • Entry into France adds to Crypto.com’s recent registration across major markets, including South Korea and UK.

Crypto.com, a Singapore-based crypto trading platform that’s among the fastest-growing in the world, has secured regulatory approval to offer its services in France as a Digital Asset Service Provider (DASP).

The latest Crypto.com news follows the exchange’s registration with the Autorité des Marchés Financiers (AMF), the country’s markets regulator.

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Crypto.com enters French market

In its announcement on Wednesday, Crypto.com said that AMF’s nod also came after a rigorous review, which allowed for clearance from Autorité de Contrôle Prudentiel et de Résolution (ACPR).

The regulatory greenlight adds to Crypto.com’s recent push for regulatory approvals across major jurisdictions around the world.

The company has acquired licenses, registrations and provisional approvals in Singapore, the United Kingdom (from the Financial Conduct Authority (FCA)), in Dubai via the Virtual Asset License, Cyprus, in South Korea, Italy, the Cayman Islands and in Canada (a pre-registration with the Ontario Securities Administration).

Commenting on the registration in France, Crypto.com CEO Kris Marszalek said:

“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.”

The exchange will look to collaborate with the French regulatory agencies as it rolls out its products and services in the country, he added. Key to that will be the need to protect consumers.