cryptoknowmics.com
Crypto.com, a leading cryptocurrency exchange platform, confirmed today signing a Pre-Registration Undertaking (PRU) with the Ontario Securities Commission (OSC). Crypto.com has committed to offering cryptocurrency products in accordance with the OSC's standards. With this signing, Crypto.com has become the first Canadian cryptocurrency platform operating under this regulatory undertaking. Pre-Registration Undertakings are legal documents that follow Crypto.com's adherence to rules established by the Autorité des marchés financiers (AMF) in Quebec and the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). https://twitter.com/cryptocom/status/1559200964434870276
The Shopify - Crypto.com Collaboration
On February 18, 2021, Crypto.com applied to register with FINTRAC as a money services company. Recently, it collaborated with Canadian online retailer Shopify. As CEO Kris Marszalek notes, compliance is a fundamental component of the business, and the North American market provides excellent growth opportunities for cryptocurrency. To provide a secure and reliable platform, he continued, the firm strives to cooperate with the OSC and the Canadian Securities Administration. It is the first international cryptocurrency corporation with permission to operate in all provinces, including Quebec.
Monetary Authority of Singapore's Approval
The Monetary Authority of Singapore (MAS) granted Crypto.com in-principle authorization to operate as a supplier of virtual asset services after staff layoffs in early June when the cryptocurrency bear market was in full swing. In March 2022, the exchange joined the Blockchain Association of Singapore. Additionally, it obtained registrations in South Korea, Cyprus, Greece, Italy, and the Cayman Islands. In January 2022, 4,600 ETH and 444 BTC were stolen from Crypto.com. The stolen funds were laundered through the cryptocurrency mixer Tornado Cash.