Crypto Dispensers, a digital currency company based in the U.S., has announced its successful completion of the SOC 2 Type II audit. This certification asserts that the company’s internal systems and controls meet the rigorous standards established by the American Institute of Certified Public Accountants (AICPA).
Understanding SOC 2 Type II Certification
The SOC 2 Type II audit was conducted by Prescient Security, with assistance from Eden Data and Drata. It evaluates how well an organization maintains information security controls over time. The review focused on several operational practices, such as:
- Data protection
- System monitoring
- Access control
- Incident response
The audit successfully confirmed that Crypto Dispensers operates reliable and consistent controls, ensuring the confidentiality and availability of its infrastructure.
Company Insights
Firas Isa, the Founder and CEO, emphasized the importance of security and compliance for the company. He stated, “This certification demonstrates to our users, banking partners, and regulators that we adhere to operational standards recognized by the financial industry.”
Chief Compliance Officer Sabreen Rihan added, “Our control environment is designed to manage risk effectively. This audit validates the maturity of our monitoring practices, ensuring we meet the requirements for regulated financial relationships.”
Expanding Access to Bitcoin
This certification notably strengthens Crypto Dispensers’ position as it scales its in-store cash deposit service. The service allows customers to buy Bitcoin at over 12,000 retail locations throughout the United States, including popular chains like CVS, Casey’s, and Love’s Travel Stops.
Since its establishment in 2017 and headquartered in Chicago, Crypto Dispensers (Virtual Assets Inc.) continues to invest in governance, security, and compliance as it expands its reach in the digital asset market.
