World Crypto Global
- Written by: Tareq Sikder
- Tue, 11 Jun 2024
- Israel
Crypto.com has received approval from the Central Bank ofIreland to operate as a Virtual Asset Service Provider (VASP). This approvalwill allow Crypto.com to expand its services in Ireland. These services includecrypto-to-fiat exchanges and fiat wallets.Expanding Services in IrelandThe VASP license indicates that Crypto.com meets the standardsfor compliance procedures. This includes measures for anti-money laundering and combating the financing of terrorism. These measures areimportant as cryptocurrencies are often used to bypass laws and sanctions.Crypto.com serves a global customer base of 100 millionpeople. The company aims to enhance its offerings in Ireland with this newapproval.Eric Anziani, President and COO of Crypto.com, commented:This approval from the Central Bank of Ireland is the latest testament to ourcommitment to compliance and responsible innovation. We are excited to broadenour offering in Ireland, enabling consumers to engage with the mostcomprehensive crypto product offering.#Crypto Exchange #Crypto.com Secures Spot on Ireland's Virtual Assets Service Provider Register - CoinDesk https://t.co/Dem9E3JL72 Stock Market News (@Stock_Market_Pr) June 11, 2024Surpassing 100 Million Users GloballyCrypto.com has surpassed 100 million users globally,achieving this milestone since its inception in 2016, as Finance Magnatesreported. The cryptocurrency exchangeattributes this success to recent marketing campaigns, including partnershipswith notable personalities, venues, and events. Notable efforts include hostingNBA and NHL playoffs at the Crypto.com Arena and sponsoring the Formula 1Crypto.com Miami Grand Prix. The company also launched the"INEVITABLE" film under the "Fortune Favors the Brave"campaign. CEO Kris Marszlek emphasized the importance of these campaigns inestablishing the brand. In May, Crypto.com received a license from Dubai'sVirtual Assets Regulatory Authority to offer institutional crypto trading. Theexchange aims to expand its services for retail investors in Dubai and furthersolidify its global market position.This article was written by Tareq Sikder at www.financemagnates.com.
