Crypto.com Marks Its Entry Into Spain, Secures VASP License

Crypto.com, a leading cryptocurrency platform in the industry, is embarking on a new venture in Spain, defying the mounting pressure and scrutiny from global financial regulators. With an ambitious and defiant strategy, the company aims to broaden its reach and secure its position in the market. 

In a recent announcement, Crypto.com revealed that it has obtained a Virtual Asset Service Provider (VASP) registration from the Bank of Spain, marking a significant milestone in its global expansion efforts.

Expanding Offerings to Spanish Users

With the newly acquired VASP license, Crypto.com is now empowered to offer its extensive range of services and products to its user base in Spain. This acquisition not only represents a pivotal moment for the company but also serves as a gateway to unexplored opportunities within the Spanish market, which is witnessing a surge in crypto enthusiasts.

Kris Marszalek, CEO of Crypto.com, expressed enthusiasm for the partnership with the Bank of Spain, stating, “We eagerly anticipate working alongside the Bank of Spain as we introduce our products and services to the Spanish market, offering users a comprehensive, secure, and reliable crypto experience.”

Spain’s Growing Interest in Cryptocurrency

Spain has emerged as a promising hub for crypto businesses, as evidenced by recent developments. Santander Bank, one of Spain’s major banking institutions, launched an educational initiative aimed at enlightening its clients about the world of digital assets. This move further highlights Spain’s increasing interest in the crypto space.

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Obtaining the VASP registration was no small feat for Crypto.com. The company underwent an extensive evaluation process, demonstrating strict adherence to the Anti-Money Laundering Directive (AMLD) and various financial crime regulations. Additionally, Crypto.com had to showcase robust safeguards designed to protect user interests, in line with the regulatory framework in the region.

Adding Spain to the Regulatory List

This milestone in Spain adds to Crypto.com’s impressive portfolio of regulatory achievements. The company has previously secured licenses and registrations from various jurisdictions worldwide, including France, the United Kingdom, Dubai, South Korea, Australia, Italy, Greece, Cyprus, the Cayman Islands, the United States, and Canada.

The inclusion of Spain in this prestigious list further solidifies Crypto.com’s reputation as a compliant and trustworthy cryptocurrency platform, propelling its ambitious global outreach efforts.