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Binance Receives Regulatory Approval to Offer Crypto Products in Italy – Regulation Bitcoin News - India Blogger

Crypto exchange Binance has received regulatory approval from the Italian financial regulator to operate as a cryptocurrency service provider in the country. “Clear and effective regulation is essential for mainstream adoption of cryptocurrencies,” said Binance CEO Changpeng Zhao.

Binance is now licensed in Italy

Binance announced on Friday that Binance Italy has “obtained regulatory approval” through registration with Organismo Agenti e Mediatori (OAM) as a cryptocurrency service provider, as required by Italian law on crypto assets.

The announcement stated:

The registration of Binance Italy… allows the company to offer crypto products to its customers in Italy.

Binance Italy, founded in recent months, is the legal entity of the Binance Group in Italy.

Earlier this month, Binance said it has received approval from French financial regulator Autorit des Marches Financiers (AMF) to operate as a Registered Digital Asset Service Provider (DASP). The crypto exchange recently obtained license in Bahrain and Dubai.

Binance Co-Founder and CEO Changpeng Zhao[सीजेड]commented:

Clear and effective regulation is essential for mainstream adoption of cryptocurrencies.

Tags in this story

Binance Italian, Binance Italian branch, Binance Italy, Binance Italy bitcoin, Binance Italy crypto, Binance Italy cryptocurrency, Binance licensed, Binance regulatory approval, Changpeng Zhao, CZ, Italian regulator, Italy

What do you think about Binance getting approved in Italy to operate a crypto exchange? Let us know in the comments section below.

Kevin Helms

An Austrian economics student, Kevin found bitcoin in 2011 and has been an evangelist ever since. His interest lies in bitcoin security, open-source systems, network effects, and the intersection between economics and cryptography.

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