Coinbase, Crypto.com and Bitstamp Secure Regulatory Approvals in Italy
Three major crypto exchanges have been approved to operate in Italy.
US crypto exchange coinbase It has received approval from Italian regulators to continue serving customers in Italy, said a blog.
Coinbase said it has met the requirements of Organismo Agenti e Mediatori (OAM), which oversees financial agents and credit brokers in Italy and enforces anti-money laundering controls.
At the same time, crypto.com The exchange has also obtained regulatory approval from OAM, allowing the exchange to distribute its products and services to customers in that country.
This is the latest expansion move for Crypto.com, which recently received approval to operate in Greece, received a license in Singapore in June, and opened an office in Dubai in March.
bitstampThe registration with Italian financial regulators comes a week after Crypto.com did the same.
The Luxembourg-based exchange has operated in Europe since 2011, with registrations in Luxembourg and the Netherlands.