Crypto.com Secures Key Approval As Virtual Asset Providers In Ireland

Coingapestaff
June 11, 2024 Updated May 22, 2025
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Highlights

  • Crypto.com achieves milestone approval as virtual asset providers in Ireland, signaling growth in European market.
  • Approval from Central Bank of Ireland underscores Crypto.com's commitment to compliance and innovation.
  • Expansion in Ireland marks Crypto.com's continued regulatory momentum, enhancing trust and accessibility for users worldwide.

In a landmark achievement for Crypto.com, a leading cryptocurrency platform has attained crucial approval as virtual asset providers in Ireland. This milestone represents a significant leap forward for the company, solidifying its position as a trusted and compliant entity within the swiftly evolving cryptocurrency landscape.

The approval from the Central Bank of Ireland not only serves as a testament to Crypto.com’s commitment to regulatory compliance but also opens up a plethora of opportunities for the platform in one of Europe’s primary financial centers.

With this regulatory green light, Crypto.com establishes a firm foothold in Ireland, signaling its readiness to provide enhanced services and opportunities to users across the region. This approval shows the company’s dedication to adhering to regulatory standards while fostering innovation, ensuring that users can engage with the platform with confidence and trust.

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Crypto.com’s Central Bank of Ireland Approval

Crypto.com, a platform trusted by over 100 million customers worldwide, has announced its approval as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland. This significant development follows a comprehensive review of Crypto.com’s compliance measures, including its anti-money laundering and combating the financing of terrorism capabilities. The approval underscores Crypto.com’s unwavering commitment to regulatory compliance and responsible innovation.

With this endorsement, Crypto.com is poised to expand its offerings in Ireland, enabling users to seamlessly exchange cryptocurrencies for fiat currencies and providing them with secure fiat wallets. Eric Anziani, President and COO of Crypto.com, emphasized the significance of this approval, highlighting the company’s dedication to compliance and its eagerness to provide users in Ireland with access to a comprehensive suite of cryptocurrency services. By securing approval from the Central Bank of Ireland, Crypto.com reaffirms its status as a leader in the cryptocurrency industry, dedicated to providing users with secure and compliant solutions.

Also Read: ZKsync Announces Massive ZK Token Airdrop, Here’s All

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Regulatory Milestones and Global Recognition

Today’s announcement adds to Crypto.com’s impressive list of regulatory achievements, showcasing its global recognition as a trusted and compliant cryptocurrency platform. Over the years, Crypto.com has obtained various regulatory licenses and approvals from esteemed institutions worldwide, including Major Payment Institution (MPI) licenses, registrations as Digital Asset Service Providers (DASPs), and Electronic Money Institution (EMI) authorizations.

These regulatory endorsements highlight Crypto.com’s unwavering commitment to regulatory compliance and responsible innovation, positioning it as a leader in the cryptocurrency industry. With approvals from regulatory bodies across multiple jurisdictions, Crypto.com demonstrates its dedication to providing users with secure and comprehensive cryptocurrency services while fostering trust and confidence in the platform.

Also Read: Bitcoin Velocity At 13-Year Standstill, Will BTC Payments Ever Breakthrough?

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.