Mainstream cryptocurrency exchange CryptoCom, announced today it has been registered in France as a Digital Asset Service Provider (DASP) by the Autorité des marchés financiers (AMF).
CryptoCom Wins Regulatory Approval in France
Per the announcement, the regulatory approval by AMF follows clearance from the Autorité de Contrôle Prudentiel et de Résolution (ACPR).
Before being cleared and granted approval, CryptoCom said it was subject to “rigorous review, particularly around anti-money laundering and combating the financing of terrorism.”
With the registration, CryptoCom said it will be able to offer a suite of products and services to its users in France.
Speaking on the development, Kris Marszalek, CEO of CryptoCom noted that Europe is an important market for the “long-term” growth and success of the company.
“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,” he added.
The company stated that registration in France continues its regulatory license push across several markets.
CryptoCom Expands Despite Bear Market
CryptoCom has aggressively continued to expand into new markets despite the recent unfavorable market conditions. In June, the crypto exchange gained provisional approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to offer its services to investors in the Emirate.
In July, CryptoCom secured regulatory approval from the Italian regulator, Organismo Agenti e Mediatori (OAM) to offer crypto services to investors in the country. Last month, the company expanded into South Korea through new acquisitions.
The crypto exchange has also recently secured approval in several other markets including Singapore, Cyprus, Greece, Canada, and the UK.
Speaking about CryptoCom’s recent expansion spree, Marszalek noted in an August interview that the expansion is part of the company’s broader strategy and long-standing commitment to regulatory compliance.
He also revealed that the crypto exchange is actively working with regulators to ensure it is regulated in every market that is important to the crypto sector.
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Source: https://coinfomania.com/cryptocom-secures-approval-in-france/