NewTradingView.com – Investing and Stock News
Investing and Stock News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Investing

Crypto.com secures South Korea regulatory licenses with key acquisitions

by August 8, 2022
written by August 8, 2022

Crypto.com has announced expansion into South Korea via the acquisition of two locally registered firms – the payments provider PnLink Co. and virtual asset platform OK-BIT Co.

With the deals, Crypto.com now holds the Electronic Financial Transaction Act (EFTA) and Virtual Asset Service Provider (VASP) registrations.

But while Crypto.com said it had completed the acquisitions, it did not disclose the deals’ size or other whether there are further regulatory requirements to be met.

South Korea is an important market

According to Crypto.com, the EFTA and VASP registrations will be key to growing the company’s market in South Korea, including in promoting blockchain technology and Web3.

Kris Marszalek, co-founder and CEO of Crypto.com said in a comment that the acquisitions offer the exchange an opportunity to expand into an “important market.”

We are committed to working with regulators to continue to bring our products and services to market, particularly in countries like South Korea where consumers have shown strong interest and adoption of digital currencies.”

News of the deals come amid a wider market slowdown following the crypto winter, and heightened regulatory attention on the crypto sector due to the collapse of some high profile crypto companies.

However, while several companies have in recent months cut their headcounts amid the bear market, many are also using the opportunity to build their projects and expand into new markets.For Crypto.com, news of its efforts in South Korea come on the back of several regulatory milestones, including in Singapore, Italy, Greece, Cyprus and Dubai.

The post Crypto.com secures South Korea regulatory licenses with key acquisitions appeared first on Invezz.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Top 3 Ways to Generate more Leads with Email Marketing
next post
Ocado share price is in turmoil. Is it safe to buy the dip?

You may also like

Disney Q1 earnings report: ‘this stock is unmatched...

February 9, 2023

Bank of America sees a 50% upside in...

February 8, 2023

Google stock loses 9.0% after it’s A.I event:...

February 8, 2023

Ex-Coinbase manager pleads guilty to insider trading charges

February 8, 2023

U.K. CMA issues provisional decision on Microsoft-Activision deal

February 8, 2023

Nasdaq 100 forecast – can index continue to...

February 8, 2023

Jim Cramer is bullish on Uber stock after...

February 8, 2023

Summary of Powell’s remarks and what it means...

February 8, 2023

Best undervalued Bill Ackman stocks for 2023

February 8, 2023

What’s happening to Chipotle stock in extended hours?

February 7, 2023
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Popular Posts

  • 1

    My Trigger to Enter $VAPR

  • 2

    Multi-Millionaire Trader Explains Why You Should Start Trading With A Small Account {VIDEO}

  • 3

    Scaling Up Tips From A 24-Year Old Millionaire Trader {VIDEO}

  • 4

    Pay Attention to These Stocks

  • 5

    New ‘Hunger Winter’ Looms as Europe Prepares to Shiver

Recent Posts

  • Disney Q1 earnings report: ‘this stock is unmatched anywhere else’

    February 9, 2023
  • Bank of America sees a 50% upside in this travel stock

    February 8, 2023
  • Google stock loses 9.0% after it’s A.I event: buy the dip?

    February 8, 2023
  • Ex-Coinbase manager pleads guilty to insider trading charges

    February 8, 2023
  • U.K. CMA issues provisional decision on Microsoft-Activision deal

    February 8, 2023

Categories

  • Economy (615)
  • Editor's Pick (235)
  • Investing (1,639)
  • Stock (9)
  • About Us
  • Email Whitelisting
  • Terms and Conditions
  • Privacy Policy
  • Contacts

Disclaimer: NewTradingView.com, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2023 NewTradingView.com All Rights Reserved.


Back To Top
NewTradingView.com – Investing and Stock News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick