Crypto.com Secures Regulatory Approval in France

September 29, 2022

Reading Time: 2 minutes

As the rate of awareness of crypto among the citizens of France is getting intense, more crypto firms are looking to expand to France, and like Binance, Crypto.com will now be able to provide virtual asset services to the people of France after securing France’s regulatory approval.

Singapore-based crypto firm and one of the world’s fastest growing crypto firms, Crypto.com has announced its expansion to France, and from now, the firm will provide virtual assets services to the citizens of France.

The information was disclosed by the firm on Wednesday following the regulatory approval by both Autorité des marchés financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR).

The AMF is France’s financial regulator that ensures the financial market and investment in the country are properly regulated, the agency ensures that citizens who invest in these markets have enough information regarding what they’re purchasing, it has also been an integral part of advocators for regulatory change not only in France but also in Europe.

According to Crypto.com, the approval process was rigorous, especially in the aspect of anti-money laundering and financial terrorism, and with this approval. 

“The European market is central to the long-term growth and success of Crypto.com and we are tremendously proud to now receive registration in France from the AMF,” said Kris Marszalek, CEO of Crypto.com. “We look forward to continuing to work with the AMF and the ACPR as we introduce our products and services in France, offering users a comprehensive, safe and secure crypto platform.”

Crypto is undoubtedly in its infancy, and more adoption will be witnessed, and a continuous rise in awareness is why many crypto firms are expanding to France and other European countries. Be one of the early minorities in the space to make the best out of the financial opportunities crypto can offer through information and education from experts.

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Crypto.com Continues Efforts to Widen its Ecosystem

According to a statement by the firm’s CEO, Kris Marszalek, Europe is the key to the firm’s long-term success, a reason the firm is excited about its recent expansion to France.

Marszalek also posited that Crypto.com will ensure it maintains customers’ trust while making available to them, products that are totally safe.

Not long ago, crypto.com expanded to Dubai, the firm also gained electronic financial transaction act registration from the South Korean government, Crypto.com also announced its expansion into Italy after securing regulatory approval from Italian regulators.

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