Crypto.com has informed that it has signed its first pre-registration undertaking with the Ontario Securities Commission in Canada. The undertaking commemorates Crypto.com as the first global cryptocurrency platform operating under this undertaking in the country.
The document called a Pre-Registration Undertaking is identified in all Canadian jurisdictions and follows Crypto.com’s compliance with regulations put forth by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and the Autorité des marchés financiers (AMF) in Quebec.
Crypto.com houses more than 50 million users globally and continues to grow and extend. It was founded in 2016 and works to progress the use of cryptocurrency in every wallet.
Compliance underscores everything that we do: CEO Kris Marszalek
CEO said compliance is a pillar of the company, and the North American market, particularly in Canada, and represents significant crypto growth potential. Further, he added that the company is dedicated to working with the OSC and the Canadian Securities Administration to provide a safe and trustworthy platform. It is the first global crypto company with permission to conduct its business across all jurisdictions, including Quebec.
Following staff layoffs in early June, as the bear crypto market was in full swing, the company received in-principal approval from the Monetary Authority of Singapore to operate as a virtual asset service provider, even as rules around retail trading in the city-state constrict. The exchange became a Blockchain Association of Singapore member back in March 2022.
Hungry for more information?
NFT Calendar from NFTHi
Join us on Telegram!
NFTHI does not recommend any kind of Investment in NFTs or NFT trading. All the strategies are merely educational references.
Conduct thorough research before you start with NFTs