top of page scores regulatory approval from Cyprus SEC exchange follows in FTX's footsteps by targeting aggressive expansion in Europe after receiving CySEC approval.

Singapore-based cryptocurrency exchange continues to aggressively expand its reach, becoming the latest crypto firm officially authorized to operate in Cyprus. has received regulatory approval from the Cyprus Securities and Exchange Commission (CySEC), the firm announced to Cointelegraph on Friday.

The approval enables to offer a number of products and services to customers in Cyprus in compliance with local regulations. The new regulatory milestone comes in line with’s growing global presence as the firm has been actively expanding its operations, receiving approvals to operate in countries like Italy, Greece and Singapore.

According to co-founder and CEO Kris Marszalek, the exchange currently prioritizes Europe as the main region for continued expansion. That is a “testament to our commitment to compliance and collaboration with regulators,” he said. is not the only cryptocurrency exchange that has been approved to operate in Cyprus. Major rival exchange FTX has also been expanding in Europe after receiving approval from the CySEC in March 2022. Other exchanges like Coinbase have also been increasingly interested in expanding in Europe amid the ongoing bear market.

Despite global exchanges increasingly moving in the Cypriot market, the government of Cyprus has not provided too much certainty about cryptocurrency regulation in recent years.

Major local financial institutions, including the Bank of Cyprus, were reportedly blocking Bitcoin (BTC)-related transactions in 2021. In September, CySEC disclosed plans to increase oversight of cryptocurrencies by integrating the European Union’s Anti-Money Laundering regulations into Cypriot law.

The exchange allows users to not only buy and sell more than 250 cryptocurrencies but also features services like crypto-enabled Visa cards. The firm has been actively working to simplify payments on its platform, introducing the Google Pay option for Android users in July.

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20 feb

This blog post highlights's expansion into Cyprus after receiving regulatory approval from CySEC, underscoring the exchange's commitment to compliance and its focus on European markets. Despite regulatory uncertainties, joins other major exchanges like FTX in targeting the region. The post also mentions's services like crypto-enabled Visa cards and Google Pay, showcasing its efforts to simplify payments. For businesses in New Jersey looking to boost visibility, investing in Office signs New Jersey can enhance professionalism and attract customers.

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Congrats to for securing regulatory approval from Cyprus SEC. Their strategic focus on Europe aligns with a commitment to compliance. For crypto-related businesses navigating regulations, I recommend Consulting24. Cheers to's continued success!

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