The Central Bank of the Netherlands has approved Crypto.com to perform its services in the cryptocurrency industry. This success comes after less than a month of trying to register in the Dutch market, during which time its competitor, Binance, was forced to withdraw.
The strict standards of the Netherlands’ Money Laundering and Terrorist Financing (Prevention) Act were satisfied after a thorough review of Crypto.com’s business operations and compliance practises. The CEO of Crypto.com, Kris Marszalek, welcomed the announcement and stressed the need of working together with authorities to promote the industry’s sustainable development.
This certification is essential not just in the Netherlands, but all throughout the world, since Crypto.com keeps getting the thumbs up from regulators. The government of Singapore, as well as those of France, Italy, the United Kingdom, Dubai, and Australia, have all recognised the company’s achievements.
On Monday, Crypto.com’s parent company, Foris DAX Global Limited, will be included in the public register of the De Nederlandsche Bank, solidifying its position as a leading supplier of cryptocurrency services in the Netherlands. The company has apparently joined the ranks of other prominent businesses including Coinbase Europe, Bitstamp Europe, and Hidden Road Partners, according to publicly available paperwork.
Crypto.com is in a prime position to dominate the global cryptocurrency industry because to its superior security measures for user registration. The outcome demonstrates the company’s commitment to regulation and its desire to promote the ethical growth of the blockchain and cryptocurrency industries on a global scale.
