CryptoCom gets Regulatory Approval in France:
Singapore-based digital asset exchange, CryptoCom, has secured a license from the French regulatory authorities, Autorité des marchés financiers (AMF), to operate in the country as a digital asset services provider (DASP).
This approval was granted after the exchange was cleared by the Autorité de Contrôle Prudentiel et de Résolution (ACPR).
According to the official announcement, CryptoCom was subjected to scrutiny relating to money laundering activities and financial terrorism before securing the license to offer its products in compliance with local laws.
The move is in line with CryptoCom’s vision of expanding its ground across the European market to strengthen its foothold in Europe.
“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. 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,” said Kris Marszalek, CEO of CryptoCom.
Meanwhile, CryptoCom is the latest to join a growing list of crypto exchanges to operate in France after major rival Binance obtained approval to offer similar services to customers in the country.