Ahn nyeong ha se yu – Despite the bear markets, Crypto.com continues to invest in its development around the world. The Cryptocurrency exchange In overcoming regulatory hurdles in South Korea, by purchasing two local companies there.
The company has remained silent about the size of the deal, which is likely, if not certain, in the millions of dollars. Instead, I preferred to highlight the benefits you derive from it, in terms of regulations.
according to comMoonique On August 8, Crypto.com acquired South Korean payment service provider PnLink, and cryptocurrency exchange OK-BIT, and the process has enabled the company to get there. license provided for in the Electronic Financial Transactions Law. And it is registered As a virtual asset service provider.
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South Korea after Europe and the Emirates
Thus, the crypto platform can through new acquisitions, legally operate in a country “where consumers have shown strong interest and strong adoption of digital currencies,” according to Chris Marsalek, co-founder and CEO of Crypto.com.
So the company does not slow down, continued geographical expansion, despite the encrypted winter. In addition to South Korea, the cryptocurrency exchange recently received other regulatory approvals in Italy, Greece, and Singapore. And to ensure its growth in the UAE, it opened an office in Dubai.
Crypto.com tirelessly continues its global tour during the bear market, despite the company’s announcement licenseeNT of 260 employees, due to the current context. Thus, the cryptocurrency exchange reduces the personnel budget to ensure business continuity in the short term. Nevertheless, it continues its investments that allow it to ensure its long-term growth and sustainability.
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