Crypto.com has signed a pre-registration undertaking with the Ontario Securities Commission (OSC) in Canada, becoming the first global crypto exchange to offer crypto products in line with the regulatory agency’s rules.
On Monday, August 15, Crypto.com announced that it had signed a pre-registration undertaking with the OSC.
The undertaking is recognized in all Canadian jurisdictions via a mutual Canadian Securities Administration (CSA) endeavor. The CSA ensures that Crypto.com provides a secure and trustworthy platform.
The registration means the exchange will adhere to regulations from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and the Autorité des marchés financiers (AMF) in Quebec.
Crypto.com Continues Expansion
Crypto.com has continued enthusiastically growing its ecosystem. The exchange recently partnered with the Canadian e-commerce company Shopify to incorporate its payment option across all of Shopify’s one million merchants globally.
Crypto.com CEO Kris Marszalek has said compliance is a pillar of the company. The exchange has secured regulatory licenses in South Korea, the Cayman Islands, Cyprus, Greece, and Italy.
On the Flipside
- When the crypto bear market was in full swing in June, Crypto.com was forced to lay off 5% of its workforce and reduce the size of its earn program.
Why You Should Care
By committing to regulatory compliance, Crypto.com becomes the first global crypto exchange authorized to conduct its business across all jurisdictions of Canada.
