Singapore-based crypto firm and one of the world’s fastest growing crypto firms, Crypto.com has announced its expansion to France, and from now, the firm will provide virtual assets services to the citizens of France.
The information was disclosed by the firm on Wednesday following the regulatory approval by both Autorité des marchés financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR).
The AMF is France’s financial regulator that ensures the financial market and investment in the country are properly regulated, the agency ensures that citizens who invest in these markets have enough information regarding what they’re purchasing, it has also been an integral part of advocators for regulatory change not only in France but also in Europe.
According to Crypto.com, the approval process was rigorous, especially in the aspect of anti-money laundering and financial terrorism, and with this approval.
“The European market is central to the long-term growth and success of Crypto.com and we are tremendously proud to now receive registration in France from the AMF,” said Kris Marszalek, CEO of Crypto.com. “We look forward to continuing to work with the AMF and the ACPR as we introduce our products and services in France, offering users a comprehensive, safe and secure crypto platform.”
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