Crypto.com Receives VASP Approval from Central Bank of Ireland
The cryptocurrency industry in Ireland continues to expand as the Central Bank of Ireland (CBI) granted Virtual Asset Service Provider (VASP) approval to Crypto.com on June 11.
Crypto.com VASP acquisition will enable the company to broaden its offerings in the country, including crypto-to-fiat exchanges and fiat wallets.
https://t.co/vCNztATSCO is proud to announce that we have been granted Virtual Asset Service Provider (VASP) registration from the Central Bank of Ireland. pic.twitter.com/Dv9Fi5WUCg
— Crypto.com (@cryptocom) June 11, 2024
With this latest approval, Crypto.com joins a select group of crypto firms regulated by the Central Bank of Ireland. The list of registered VASPs in Ireland now includes prominent industry players such as Coinbase, Ripple, the Winklevoss brothers’ Gemini exchange, MoonPay, and Standard Chartered’s Zodia custody platform.
As of June 7, Ireland has approved 15 entities as VASPs, showing its progressive stance towards digital asset regulation. In 2024, the CBI approved four new VASPs, including Foris DAX Global, Fortuna Digital Custody, Ramp Swaps, and Crypto.com.
https://t.co/vCNztATSCO is proud to announce that we have been granted Virtual Asset Service Provider (VASP) registration from the Central Bank of Ireland. pic.twitter.com/Dv9Fi5WUCg
— Crypto.com (@cryptocom) June 11, 2024
While many crypto firms are solidifying their presence in Ireland, some have opted to exit the market. Circle Internet Financial, the company behind USD Coin (USDC), announced plans to return to the US and move away from Ireland in May .
Despite this, Ireland continues to attract major companies like Coinbase, which selected the country as its European crypto hub to comply with the Markets in Crypto-Assets
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