The cryptocurrency exchange Binance has been approved by the Italian financial regulator to operate as a cryptocurrency service provider in the country. “Clear and effective regulation is essential for the mainstream adoption of cryptocurrencies,” said Changpeng Zhao, CEO of Binance.
Binance licensed in Italy
Binance announced on Friday that Binance Italy has been “regulatory approved” by registering with the Organismo Agentie Mediatori (OAM) as a cryptocurrency service provider, as required by Italian law on crypto assets. did.
The announcement states:
By registering with Binance Italy, the company will be able to offer crypto products to Italian customers.
Founded in recent months, Binance Italy is a legal entity of the Binance Group in Italy.
Earlier this month, Binance French financial regulator, Autorité des marchés financiers (AMF), operated as a registered Digital Asset Service Provider (DASP).Cryptographic exchange also recently received a license Bahrain When Dubai..
Changpeng Zhao (CZ), co-founder and CEO of Binance, commented:
Clear and effective regulation is essential for the mainstream adoption of cryptocurrencies.
What do you think of Binance, which has been approved to operate a cryptocurrency exchange in Italy? Let us know in the comments section below.
Image credit: Shutterstock, AIXabay, Wikicommons