Crypto.com Receives Registration in South Korea, Buys Two Local Firms

Crypto.com, the world's fastest growing cryptocurrency platform, announced today that it has received the Electronic Financial Transaction Act and Virtual Asset Service Provider registration in South Korea. 

In order to get this approval, the crypto exchange has acquired South Korean payment service provider PnLink Co., Ltd. and virtual asset service provider OK-BIT Co., Ltd..

With this registration, Crypto.com will be able to provide a suite of products and services within Korea in compliance with local regulations.

"This is an exciting next step for Crypto.com in an important market," said Kris Marszalek, Co-Founder and CEO of Crypto.com. "We are committed to working with regulators to continue to bring our products and services to market, particularly in countries like South Korea where consumers have shown strong interest and adoption of digital currencies."

As Fazzaco reported last month, Crypto.com has received registration and regulatory approval​ from the Organismo Agenti e Mediatori (OAM) in Italy as a provider of virtual currency and digital wallet services. It also received regulatory approval from the Cyprus Securities and Exchange Commission (CySEC).