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Crypto.com Receives Regulatory Approval in South Korea

The strategic acquisition of two startups allows the cryptocurrency exchange to operate in South Korea.

Strategic Investments

Global cryptocurrency exchange Crypto.com can now operate in South Korea after gaining regulatory approval.

Announced via the Crypto.com blog, the exchange secured an Electronic Financial Transaction Act and Virtual Asset Service Provider registration. They did so through the acquisition of payment service provider PnLink Co. and virtual asset service provider OK-BIT Co. 

“We are committed to working with regulators to continue to bring our products and services to market, particularly in countries like South Korea where consumers have shown strong interest and adoption of digital currencies,” said Kris Marszalek, Co-Founder and CEO of Crypto.com. 
Source

Crypto.com is actively seeking a leading role in global regulatory compliance, consumer safety, awareness, and protection. The exchange has already received various approvals in Singapore, Dubai, Italy, Greece and Cyprus. 

What Is Crypto.com:

Crypto.com is a cryptocurrency exchange that started operating in 2016. It has extended its reach to over 10 million users within 5 years. The platform was founded by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo, with its headquarters in Singapore. In addition to the cryptocurrency application, the platform also runs the Crypto.com Visa card, one of the world’s largest cryptocurrency card programs, the exchange, and a DeFi wallet. The exchange operates across 3 continents, the Americas, Europe, and Asia.

For more information about the project:

Website | Twitter | Medium | Linkedin | Discord | Telegram | Reddit | Kakao |

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