Singapore-based crypto asset exchange has received VASP authorisation from the Central Bank
Perhaps best known for its forays into sports branding, Crypto.com acquired the naming rights to the Staples Centre, home to the LA Lakers basketball team, in 2021 Photograph: Harry How/Getty, the Singapore-based crypto asset exchange operator, has become the latest entity to clear an important regulatory hurdle in the Republic, bringing it under the Central Bank of Ireland’s supervision for the purposes of compliance with anti money-laundering and criminal financing rules.
The regulator has authorised the company, which allows users to buy and trade bitcoin and other crypto tokens on its platform, as a Virtual Asset Service Provider .’s Irish subsidiary has effective policies and controls in place to meet its anti-money laundering and criminal financing obligations under Irish and European law.
The licence will allow the company to provide some digital asset services to customers in the Republic including crypto to fiat currency exchange transactions and fiat currency wallets.‘I remember what it was like to count my pennies. Money allows me to live a life I’ve always dreamed of’president and chief operating officer Eric Anziani said: “This approval from the Central Bank of Ireland is the latest testament to our commitment to compliance and responsible innovation.
The company, one of the Hong Kong-founded Foris group’s main European entities after it established a base here in 2021, reported a nearly 80 per cent drop in revenues for 2022 amid a collapse in trading volumes and asset prices following a number of industry-wide scandals.said the company is hiring globally to support an increase in its market share over recent months.
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