Crypto.com has been cleared to operate in France as a Digital Asset Service Provider (DASP) by the Autorité des marchés financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR).

The company stressed that it was subjected to a rigorous review process in its bid to receive regulatory approval, particularly around anti-money laundering and combating the financing of terrorism.

Crypto.com also received regulatory approval from the Organismo Agenti e Mediatori to operate in Italy in July, as well as the Monetary Authority of Singapore and the Dubai Virtual Assets Regulatory Authority in June.

Founded in 2016 and headquartered in Singapore, the platform currently serves some 50 million customers.

“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.