Cryptocurrency exchange Crypto.com has been cleared to receive a Virtual Asset Service Provider (VASP) licence to operate in Ireland.
The Central Bank of Ireland approved the crypto exchange, which enables Crypto.com to offer its range of digital currencies and assets to Irish investors to buy, sell and trade.
A focal point of the VASP licence was Crypto.com’s commitment to compliance and anti-money laundering measures, with a firm stance on combating against terrorist finance and fraud within the crypto sector.
The licence approval also comes at the right time for Crypto.com as the EU’s Markets in Crypto Assets (MiCA) regulation is set to launch on 30 June.
MiCA is the first comprehensive regulatory oversight over crypto in the world, focusing on creating a tax economy, applying rules and guidelines for exchanges to abide by, determining eligible and ineligible companies and more.
Eric Anziani, President and COO of Crypto.com, said: “This approval from the Central Bank of Ireland is the latest testament to our commitment to compliance and responsible innovation.
“We are excited to broaden our offering in Ireland, enabling consumers to engage with the most comprehensive crypto product offering.”
The licence announcement continues Crypto.com’s regulatory licence push, having received a Major Payment Institution (MPI) licence for Digital Payment Token (DPT) and its MPI for e-money issuance, account issuance, cross border and domestic money transfer services from the Monetary Authority of Singapore.
The country has also received clearances in France, Dubai, the UK, South Korea, Australia, Spain and more.
