Crypto.com has announced that it has signed its first pre-registration undertaking with the Ontario Securities Commission (OSC) in Canada. This signing, recognized by the OSC and all Canadian jurisdictions through a joint Canadian Securities Administration (CSA) initiative, makes Crypto.com the first global cryptocurrency platform currently operating in line with this regulatory undertaking in Canada.
In an official statement on its website, Crypto.com said,
“Crypto.com is committed to working with the OSC to offer a suite of products and services in full compliance with Canadian regulations. This undertaking builds on Crypto.com’s existing regulation in Canada under the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and the Autorité des marchés financiers (AMF) of Quebec.”
Kris Marszalek, CEO of Crypto.com also commented, “Compliance underscores everything that we do at Crypto.com. The North American market, and Canada specifically, represent a significant area of potential growth for the crypto market, and we are proud to work with the OSC and the CSA in providing Canadian customers access to a safe, secure, and reliable global platform.”
The announcement of Crypto.com’s pre-registration also comes with the news of more licenses being established around the world over the past months.
The company recently received in-principle approval for a Major Payment Institution License from the Monetary Authority of Singapore, received provisional approval of its Virtual Asset License from the Dubai Virtual Assets Regulatory Authority, and established Electronic Financial Transaction Act and Virtual Asset Service Provider registration in South Korea.
Currently, Crypto.com houses more than 50 million users worldwide and continues to grow and expand. It was founded in 2016 and works to progress the use of cryptocurrency in every wallet globally.