Crypto.com Secures VASP Registration in Spain

Crypto.com, the world's fastest growing cryptocurrency platform, announced that it has obtained Virtual Asset Service Provider (VASP) registration from the Bank of Spain. With this registration, Crypto.com is allowed to provide its products and services to clients in Spain.

Kris Marszalek, CEO of Crypto.com, commented: "Receiving the VASP registration from the Bank of Spain is the latest testament to our commitment to compliance and eagerness to work with regulators and public officials in responsibly advancing crypto and blockchain technology. We look forward to continuing to work with the Bank of Spain as we launch our products and services in-market and providing users with the comprehensive, safe and secure crypto experience that they desire."

Recently, the development of the crypto industry has become more difficult, crypto giants such as Binance and Coinbase have been repeatedly hit by several national regulators, Crypto.com also revealed its layoffs​ and plans to shut down its US institutional business​ this year. However, Crypto.com's global expansion strategies are well underway. In March, the crypto firm had granted its Minimal Viable Product (MVP) Preparatory License​ from Dubai's Virtual Assets Regulatory Authority (VARA). In June, it had secured the Major Payment Institution (MPI) licence for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS).