Search Inside Bitcoins

Cyprus Regulator CySEC Issues Operational License To

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong. Confirms Arena Name Won't Change Despite Institutional Exchange Shutdown Confirms Arena Name Won't Change Despite Institutional Exchange Shutdown

Join Our Telegram channel to stay up to date on breaking news coverage has announced that it has been granted a license as an investment firm in Cyprus by the country’s regulator CySEC.

The license requires the company to adhere to strict financial standards under the MiFID II framework. These include the protection of clients’ funds, capital adequacy controls, and full transparency of its business operations. Says It Is Committed To Collaboration And Compliance

Following the license, can take advantage of the new regulatory profile to expand its services in the European Market. Additionally, the firm can now assure its users they are operating on a resulted platform, which provides confidence for trading and investments. The platform, through the license, is now capable of working with digital asset-based derivatives.

Buy Bitcoin Now

Your capital is at risk.

Co-Founder and Chief Executive Officer of, Kris Marszalek, commented on the development. He noted that the company has identified Europe as its priority region. The expansion of its markets is another reminder of its commitment to collaboration and compliance with regulators. He added that the firm’s license in Cyprus is a major step toward its collective objectives to expand its products and services to more customers.

Crypto.Com Expands Operations In Europe And Asia

The Cyprus license is coming barely a few days after gained another operational license in Italy. The company was approved as a virtual currency and digital services wallet services provider. The approval will enable the firm to provide a wide range of digital asset products and services to Italian customers. It will also enable the company to expand its team across the country.

A few weeks ago, also received regulatory approval from the Monetary Authority of Singapore (MAS), as it continues its global expansion. The company was approved to offer its digital asset products and services in the country. This means that the firm has been given the authority to set up its business in Singapore until the full license is approved.

Last month, received provisional approval from the local regulatory authority in Dubai to operate in the region. The provisional approval gives the authority to continue with its application process for a full-scale license.

Read more:

Join Our Telegram channel to stay up to date on breaking news coverage

Read next