Crypto.com recently made history by becoming the first exchange to receive authorization from the Dutch Central Bank (DNB) to provide its services to the Netherlands. This achievement was made possible through the company’s adherence to the nation’s Money Laundering and Terrorist Financing (Prevention) Act. According to CEO Kris Marszalek, this milestone serves as a turning point for Crypto.com’s services and is representative of the exchange’s commitment to regulatory cooperation.
Crypto.com’s approval by the DNB is the latest in a list of successes from around the world. The exchange has also received approval from the Monetary Authority of Singapore, the UK’s Financial Conduct Authority, and seven other regulatory bodies. This impressive track record has earned Crypto.com a reputation as a reliable and trustworthy exchange, and has earned it the trust of both seasoned and novice investors.
The exchange’s proactive attitude also has the potential to shape the future of crypto regulation in the European Union, with the upcoming Markets in Crypto-Assets (MiCA). By remaining in compliance with all necessary standards and legal requirements, Crypto.com is well-positioned to influence the EU’s crypto industry in the years to come.
Securing the regulatory license in the Netherlands is a major success for Crypto.com, and it is indicative of the exchange’s unwavering commitment to responsible practices. This news comes shortly after Binance, Crypto.com’s main competitor, retracted its application for a license in the country. As the crypto market continues to evolve, Crypto.com’s dedication to compliance stands as a beacon of reliability, attracting investors from all over the world.
