Cyprus Regulator CySEC Issues Operational License To Crytpo.com
Crypto.com 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. Crypto.com Says It Is Committed To Collaboration And Compliance Following the license, Crypto.com 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 Crypto.com, Kris Marszalek, commented on the development. He noted that the company has identified...