Crypto Exchange Crypto.com Secures Spot on Ireland's Virtual Assets Service Provider Register

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Crypto Exchange Crypto.com Secures Spot on Ireland's Virtual Assets Service Provider Register
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Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.

Crypto companies are vying to win approval in EU nations to be ready for December, when the Markets in Crypto Assets legislation becomes fully operational.received approval to register as a virtual asset service provider in Ireland, allowing the crypto exchange to operate in the European Union nation.

The company was listed on the register as of June 7 under the name Foris DAX, the Central Bank of Ireland's The company joins Coinbase, Ripple and Gemini on the register as crypto companies vie to win approval in EU nations to ensure they are ready for December, when the Markets in Crypto Assets legislation becomes fully operational. The bloc's wide-ranging rules for the industry allow firms with a crypto asset service provider license from any member state to operate across all 27 nations.

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