Crypto.com has received authorization to conduct its activities under the European Union's new MiCA regulations. This allows the platform to offer its full range of cryptocurrency services in the region.
The exchange has also been in contact with US regulators in recent weeks, and may take a similar approach with compliance officials in the EU.
Crypto.com's operations may be affected by MiCA impacts, which have already caused setbacks for other leading companies such as Tether.
However, in a recent press release, the company has expressed its strong support for this regulation.
Eric Anziani, President and COO of Crypto.com, said:
"We have always been fully supportive of MiCA and strongly believe it will bring clarity, transparency, and establish a more streamlined sentiment towards the regulation of our industry across the EU, all of which adds to the building confidence in the crypto sector."