• Crypto.com has been registered in Ireland as a provider of virtual assets services.
  • Crypto companies are competing to gain approval in EU countries to be ready in December when the Markets in Crypto Assets legislation (MiCA), which becomes fully operational, is implemented.

Crypto.com has been approved to register in Ireland as a provider of virtual assets services, allowing it to operate within the European Union country.

The Central Bank of Ireland site shows that the company has been listed in the register since June 7, under the name Foris DAX. Crypto.com can now offer fiat wallets and crypto-to-fiat conversions.

Coinbase, Ripple, and Gemini are also on the list. Crypto companies compete to gain approval in EU countries to be ready for the Markets in Crypto Assets legislation (MiCA), which will become fully operational in December. The EU’s extensive rules for the crypto industry allow companies with a license as a crypto asset provider from any of its 27 member states to operate in all countries.

Crypto.com is licensed in many countries. The company’s Dubai subsidiary received full approval for its operations from the Virtual Assets Regulatory Authority. The company also holds a U.K. It is also registered in the Netherlands, Spain and as an electronic-money institution.

Sheldon Reback is the editor.