Bank of Ireland Grants License to Crypto.com

The Central Bank of Ireland has granted Crypto.com with the status of a Virtual Asset Service Provider (VASP), allowing the company to expand its services in Ireland.

This includes facilitating crypto-to-fiat exchanges and offering fiat wallets. With this VASP license, Crypto.com can assure its clients that their compliance procedures, particularly in anti-money laundering and counterterrorism efforts, are of the highest caliber.

In today’s society, where cryptocurrencies are being used to evade laws and sanctions, this is a crucial accreditation.

With a customer base of 100 million globally, Crypto.com aims to cater to the growing demand for crypto products.

President and COO Eric Anziani expressed excitement at the opportunity to offer the most comprehensive range of services to Irish consumers, emphasizing the company’s commitment to compliance and responsible innovation.