Crypto.com, the Singapore-based cryptocurrency exchange, has obtained a license to provide cryptocurrency services in the Netherlands. The Dutch central bank (DNB) granted the license after Crypto.com fulfilled the requirements mandated by the law designed to combat money laundering and terrorism financing.
With the addition of the Netherlands, Crypto.com expands its operations further into Europe. The exchange already holds a Digital Asset Service Provider (DASP) license in France and operates under a crypto asset business license in the UK. Moreover, it is regulated in several other countries, including Italy, Greece, Cyprus, Spain, South Korea, and Australia.
Kris Marszalek, the CEO of Crypto.com, emphasized the company’s commitment to responsible collaboration with regulators to advance the crypto and blockchain industry. He hailed the approval from the Dutch central bank as a significant milestone for the business, reflecting their dedication to compliance.
The Dutch central bank has been actively registering cryptocurrency firms, with 36 companies already authorized, including well-known platforms like Coinbase, eToro, and Bitstamp. As the crypto industry continues to grow, more firms are expected to seek registration in the Netherlands. However, the Dutch regulator maintains stringent regulatory measures concerning cryptocurrency trading within the country.
