One of the most well-known cryptocurrency exchange platforms in the world, Crypto.com, has recently made the announcement that it has been given a regulatory license to provide cryptocurrency services in the country of France. In addition to that, Singapore has granted the cryptocurrency platform a certification known as the Cyber Trust Mark.
In order to get the regulatory license, Crypto.com had to pass a stringent evaluation that focused primarily on preventing the laundering of illicit funds and putting a stop to the funding of terrorist organizations.
According to the most recent blog post published by the platform, with this registration, it will be able to provide consumers in France with a portfolio of goods and services that are in conformity with local rules.
Kris Marszalek, CEO of Crypto.com, said:
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. 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.
Concerning the Cyber Trust mark, the Cyber Security Agency of Singapore (CSA) examines twenty-two separate criterion areas in order to offer a certification level that ranges from Tier 1 all the way up to Tier 5, with Tier 5 being the most inflexible certification possible.
As part of the evaluation for the Cyber Trust mark, the organization has acknowledged Crypto.com’s operation at the most advanced maturity level, which is referred to as “Tier 5 – Advocate.”
On this, Marszalek said: “I am tremendously proud of our team for continuing to set the bar higher for security standards and for actively working with stakeholders in our home market to advance cybersecurity.”