Crypto.com becomes a conditionally registered dealer in Canada and comes one step closer to his goal of becoming a full investment dealer
Crypto.com Canada announced on May 12 that it received a limited dealer registration on May 8th. This allows the company to offer its crypto-asset products and services across Canada. This is an important milestone on the way to a fully licensed investment dealer and member of the Canadian Investment Regulatory Organization (CRO).
With this registration, Crypto.com Canada is currently allowed to operate its Canadian users, while it continues his close cooperation with the regulatory authorities in order to meet all criteria for the status of a full investment dealer.
A pioneer in regulatory commitment
Crypto.com was the first crypto trading platform to agree in August 2022 to a pre-registration agreement with both the CSA and the OSC. From this point on, Crypto.com is in ongoing discussions with the Canadian regulatory authorities in order to meet the requirements for classification as a restricted dealer.
“We have strict protocols for our Canadian activities, which have been introduced or tightened in the course of the registration process and are intended to improve the protection of our customers and their assets,” said Eric Anziani, President and Chief Operating Officer from Crypto.com. “We have invested massively in our compliance infrastructure worldwide and especially in Canada because we want to give our customers more security because they know that they have to do with a regulated company in Canada.”
The regulation of trust companies will strengthen the security of the services provided by Crypto.com for the custody of digital assets. The custody of digital assets for Canadian customers is managed by Crypto.com Custody Trust Company, a trust company approved in New Hampshire without deposit protection. Such a company is legally permitted to keep digital assets and it always fulfills the highest regulatory expectations.
“Crypto.com Custody Trust Company is looking forward to offering the Canadian market and registered trading platforms for cryptocurrencies that work in accordance with the high standards of the Canadian security supervisory authorities,” said Joe Anzures, President of Crypto.com Custody Trust Company.
Expansion of global regulatory presence
With this Canadian registration, the list of international regulatory successes from Crypto.com is further expanded. Crypto.com has built up a comprehensive portfolio of international licenses, namely:
- Mica license in the EU
- US-money transerlizenzen
- Crypto.com has also received licenses for Designated Contract Market (DCM) and derivative clearing organization (DCO) in the USA.
- Singapore has given Crypto.com a license as a large payment institute.
- Crypto.com received a license as an e-money institute in the United Kingdom.
- A license as a virtual asset service provider in Dubai was acquired.
Via crypto.com
Crypto.com was founded in 2016 and today serves over 140 million users worldwide. The company is a leader in the areas of compliance, expanded security and data protection. The company pursues the mission to bring cryptocurrencies to every wallet and to expand access to digital assets with proven and groundbreaking solutions.
Find out more at: https://crypto.com/ca
