Crypto.com Secures Payment Service Provider License from Central Bank of Bahrain

Cryptocurrency Platform Expands Its Regulatory Compliance and Presence in the Middle East

Manama, Bahrain – March 8, 2023

Crypto.com, a leading global cryptocurrency platform, has announced that it has been granted a Payment Service Provider (PSP) license from the Central Bank of Bahrain (CBB). This significant milestone strengthens Crypto.com's regulatory compliance and opens new opportunities for the company to expand its services in the Middle East.

The PSP license allows Crypto.com to offer a range of regulated financial services in Bahrain, including cryptocurrency exchange, custody, and payment processing. The company has already established a presence in the region, with offices in Dubai and Abu Dhabi. The PSP license further solidifies Crypto.com's commitment to operating in a compliant and secure manner.

The CBB is known for its robust regulatory framework and commitment to fostering innovation in the financial sector. Crypto.com's PSP license demonstrates the company's adherence to the highest standards of regulatory compliance and its dedication to providing a safe and reliable platform for customers.

Kris Marszalek, Co-Founder and CEO of Crypto.com, said: "We are honored to receive this PSP license from the Central Bank of Bahrain. This is a testament to our commitment to operating in a compliant and responsible manner. We believe that regulation is essential for the long-term growth and adoption of the cryptocurrency industry."

The PSP license is a significant step forward for Crypto.com as it seeks to expand its global reach and offer a comprehensive suite of financial services. The company is committed to working closely with regulators and policymakers around the world to drive innovation and foster a thriving cryptocurrency ecosystem.