Since its inception, Crypto.com has had one particular goal: to accelerate the adoption of cryptocurrency worldwide. In this process, she obtained various licenses in the four corners of the world. The latest hit: Brazil, a country known for its thriving crypto market. On December 15, the crypto company indeed obtains its license in Brazil.
Licensing in Brazil: An Important Milestone for Crypto.com
The official announcement appeared on the website from Crypto.com on December 15. The crypto exchange platform now has a payment institution license in Brazil. More importantly, it is the first crypto exchange approved by the Brazilian Central Bank.
For Crypto.com, obtaining this license marks an important turning point in the development of the platform. “Brazil and the entire LATAM market is an important region in pursuing our vision of cryptocurrency in every portfolio,” explained its CEO Kris Marszalek.
“We are extremely proud to have obtained the license in Brazil, which allows us to become a safe, secure and compliant platform. We look forward to continuing to work with regulators and authorities across the region to advance cryptocurrency and blockchain technology. “, he adds.
What does the license allow?
With this new license, Crypto.com will continue to offer regulated fiat wallet services in Brazil. Remember that this platform allows you to buy, sell and exchange more than 150 cryptocurrencies.
Above all, the license reinforces the reliability of Crypto.com. Indeed, it allows it to become a reliable, secure and compliant platform. And not just in Brazil! For the crypto platform, this is a crucial step as it gradually establishes its reputation around the world. Concretely, Crypto.com already has a license in Singapore, France, the United Kingdom, Dubai, Canada and South Korea.
Currently, Crypto.com is present in 9 countries. It has more than 70 million users across the world. By obtaining this new license, it reaffirms its status: a pioneer in the sector of regulatory compliance certifications. He recently published his Proof of Reserves page. Something to further reassure users!
Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of daily and weekly so you don’t miss any of the essential Tremplin.io!
