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Crypto.com Gains VASP Approval from Ireland's Central Bank, Expands Crypto Services

Jun 11, 2024

Crypto.com Gains VASP Approval from Ireland's Central Bank, Expands Crypto Services
Crypto.com Gains VASP Approval from Ireland's Central Bank, Expands Crypto Services
Crypto.com Gains VASP Approval from Ireland's Central Bank, Expands Crypto Services

The Central Bank of Ireland has approved 15 virtual asset service providers (VASPs) as of June 7, 2024, including major entities like Crypto.com, Coinbase, Gemini, Ripple, and others. Crypto.com recently announced its approval as a VASP in Ireland, allowing it to expand its crypto-to-fiat exchanges and fiat wallet services within the country. This approval underscores Crypto.com's commitment to regulatory compliance and responsible innovation, as stated by Eric Anziani, the company's president and COO. The move comes amidst Ireland's growing interest in becoming a hub for cryptocurrency companies, with Coinbase previously selecting it as its European base to comply with the EU's regulatory framework for crypto-assets.