Cryptocom will begin offering crypto services in Spain after receiving regulatory approval from the Bank of Spain. With this approval, the Singapore-based cryptocurrency exchange service provider will be able to offer a variety of crypto-focused services to customers in Spain. To gain regulatory approval, Cryptocom had to comply with the Anti-Money Laundering Directive (AMLD) compliance and other financial crimes laws. Cryptocom CEO Kris Marszalek stated that their entry into the Spanish crypto market is a testament to their commitment to compliance. Cryptocom has become a regulated platform with regulatory approval in Spain, while it has previously received licenses and pre-registration commitments in several countries. However, due to the recent bear market, the platform faced some trading problems and had to shut down its institutional platform in the US.