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25 June 2024
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Crypto.com Approved as Virtual Asset Service Provider by Central Bank of Ireland

Crypto.com Approved as Virtual Asset Service Provider by Central Bank of Ireland

The Central Bank of Ireland has approved Crypto.com as a Virtual Asset Service Provider (VASP). Crypto.com is the industry leader in regulatory compliance, security, and privacy, with over 100 million clients worldwide.

This approval comes after an extensive review of Crypto.com’s compliance record, which includes its capacity to prevent money laundering and the funding of terrorism. Crypto.com will be allowed to expand its services in Ireland with the approval, including cryptocurrency to fiat exchanges and fiat wallets.

Eric Anziani, President and COO of Crypto.com stated:

“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 announcement today is the latest in a series of regulatory licenses that Crypto.com has been granted, having secured its 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 (MAS); registration as a Digital Asset Service Provider (DASP) by the Autorité des marchés financiers (AMF) in France; complete operational approval of its Virtual Asset Service Provider Licence from the Dubai Virtual Assets Regulatory Authority (VARA); approval as an Electronic Money Institution (EMI) by the UK’s Financial Conduct Authority (FCA); Electronic Financial Transaction Act and Virtual Asset Service Provider registration in South Korea; registration approval as a Digital Currency Exchange Provider and Independent Remittance Dealer in Australia by AUSTRAC; an Australian Financial Services Licence and Australian Credit Licence from the Australian Securities and Investments Commission (ASIC); registration in Spain as a Virtual Asset Service Provider (VASP) from the Bank of Spain; registration in Italy from the Organismo Agenti e Mediatori (OAM); registration in Greece from the Hellenic Capital Market Commission; registration in Cyprus from the Securities and Exchange Commission (SEC); regulatory approval from the Cayman Islands Monetary Authority; a US Commodity Futures Trading Commission (CFTC) regulated Derivatives Clearing Organization (DCO) and a Designated Contracts Market (DCM); and a pre-registration undertaking with the Ontario Securities Commission and Canada Securities Administrators, among others.

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