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- This year so far has proved to be the best year for crypto(.com) in terms of outreach.
- Company Founder and CEO Kris Marszalek stated that they are committed to building long-lasting growth in these countries and will always be under regulations.
- On the other hand, the Monetary Authority of Singapore said that the crypto industry is extremely risky.
The Entry into the Italian Markets
One of the fastest growing cryptocurrency applications in the world, ‘crypto(.com),’ has won regulatory approval from Italy. The documentation was done by Organismo Agenti e Mediatori (OAM). The permission states that finally, the company can distribute its financial instruments, products, and services to the users of Italy. In other words, crypto(.com)’s business also expanded to Italy. This year has proved to be the best year for the company in terms of outreach. That refers to the fact that the corporation recently won approval to set up business in Greece.
Also, in June, crypto(.com) got a license to operate in Singapore through the Monetary Authority of Singapore(MAS). After all this, do you think that company stopped? None at all! In March, the firm inaugurated its office in Dubai. Company Founder and CEO Kris Marszalek stated that they are committed to building long-lasting growth in these countries and will always be under regulations so that they will be able to deliver a huge range of products and services to their valued customers.
Future of Crypto.com in Dubai
The company plans to now launch a substantial recruitment drive in the upcoming months in Dubai. This will help them establish their brand value in the nation. According to speculations, Crypto(.com)’s interest in Dubai has increased substantially because of the revelation done by Dubai to create a regulatory and licensing authority. This will be specifically dedicated to the virtual assets business, including cryptocurrencies.
On the other hand, the Monetary Authority of Singapore said that the crypto industry is extremely risky, therefore, is not for the general public at the time. This refers to their statement that the digital payment token service providers need not promote their DPT services to the normal public.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
