Crypto.com Received Registration Approval from the UK

Crypto.com Registration Approval from UK
Crypto.com Registration Approval from UK

The world’s fastest growing crypto currency platform Crypto.com, announced today that it has received regulatory approval as a crypto asset business from the Financial Conduct Authority (FCA) in the United Kingdom (UK). This approval now allows crypto.com to expand its services to UK customers according to local regulations.

Acting on the vision of Cryptocurrency in Every Wallet, it further confirms the exchange’s vision to expand its services worldwide, according to Kris Marszalek, co-founder and CEO of the company. CEO Kris Marszalek also said: “We are committed to the UK Sunday market and look forward to further developing our platform and presence in the UK by expanding our offerings to our customers as we continue to work with regulators.”

Crypto.com has more than 50 million users worldwide and the number of people using the system is increasing every day. The exchange’s regulatory licensing acceleration is actively growing day by day. It has recently received a principal license from the Monetary Authority of Singapore. Similarly, it has recently received an Electronic Financial Transaction Law and VASP in South Korea. This regulatory license acceleration is not just a major improvement for crypto.com.

Impact on the Future of Crypto Assets

There is no doubt that the regulations are a milestone for the development of the crypto world and for it to become available all over the world. Until this time, stock exchanges in the sector have received very heavy penalties because most countries did not regulate on cryptocurrencies and they were unable to serve on these penalties. As a result of these circumstances, users have always been the ones who suffered the most. We can say that we will hear a lot of regulatory news for the developing and growing crypto ecosystem in the coming period, because Bitcoin and Cryptocurrencies are now a proven financial product. This makes regulation inevitable all over the world.

The fact that exchanges like Crypto.com comply with regulations and are close to governments is a great advantage for the crypto ecosystem to reach more users all over the world and to provide sincere trust. It is very likely that the products of the stock exchanges that progress in this way will also be in demand. (E.g. CRO, local token of Crypto.com). These efforts will definitely pay off in the upcoming bull cycle.

 What is Crypto.com?

Founded in 2016 Crypto.com, serves over 50 million customers worldwide and is the fastest growing cryptocurrency platform in the world. Its Vision: Cryptocurrency in Every Wallet™. Built on a foundation of security, privacy and compliance, Crypto.com is committed to accelerating the adoption of cryptocurrencies through innovation and empowering the next generation of builders, creators and entrepreneurs to develop a fairer and more equitable digital ecosystem

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Source : Crypto.com

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