Crypto.com, a leading cryptocurrency platform, has recently obtained Virtual Asset Service Provider (VASP) registration in Spain. This is a significant milestone for the company as it advances its goal of making cryptocurrency accessible to everyone.
The VASP registration is a regulatory requirement that ensures companies comply with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. It is a crucial step for companies operating in the cryptocurrency industry as it helps to build trust and credibility with customers and regulators.
With the VASP registration in Spain, Crypto.com can now offer its full range of services to Spanish customers, including buying, selling, and trading cryptocurrencies. The company’s mobile app, which allows users to buy, sell, and spend cryptocurrencies, is now available in Spanish, making it easier for Spanish-speaking customers to access the platform.
Crypto.com’s CEO, Kris Marszalek, said in a statement, “We are thrilled to have obtained VASP registration in Spain, which is an important market for us. This is a significant milestone in our mission to accelerate the world’s transition to cryptocurrency.”
The company’s mission is to make cryptocurrency accessible to everyone, and it has been working towards this goal by offering a range of products and services that cater to both beginners and experienced cryptocurrency users. Its mobile app, which has over 10 million users worldwide, allows users to buy, sell, and spend cryptocurrencies with ease.
In addition to its mobile app, Crypto.com also offers a range of other products and services, including a cryptocurrency exchange, a debit card that allows users to spend their cryptocurrencies at over 60 million merchants worldwide, and a range of investment products.
The company has been expanding rapidly in recent years, and its VASP registration in Spain is just one example of its commitment to growing its presence in new markets. It has also obtained VASP registration in other countries, including Canada and Australia, and is currently working towards obtaining regulatory approval in other jurisdictions.
Overall, Crypto.com’s VASP registration in Spain is a significant milestone for the company as it advances its goal of making cryptocurrency accessible to everyone. With its range of products and services, the company is well-positioned to continue growing its user base and expanding its presence in new markets.
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