Binance exchange expands its operations to Italy

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The largest cryptocurrency exchange Binance, immediately after registering in Bahrain, Dubai and France, received a license to operate from the Italian regulator Organismo Agenti e Mediatori (OAM).

Binance Italy division joined to 13 companies registered in the OAM, and was able to provide crypto services in compliance with Italian law.

The company blog states that “the creation and registration of a Binance Italy division with the ability to offer crypto products to customers in Italy is a clear indication of the importance for Binance to act in accordance with local crypto-currency laws.” Obtaining a license will allow the company to open offices and expand the local team.

Binance trading platform co-founder Changpeng Zhao stated that clear and effective regulation is necessary for the widespread adoption of cryptocurrencies.

“Binance has always put its users first, and through actions such as the implementation of the registry, they can be sure that our platform is one of the safest and most reliable in the world,” the CEO of the site expressed his gratitude to the Italian authorities.

In early May, Binance registered as a “digital asset service provider” in France. And shortly before that – in Bayrein and Dubai.

Now in the register of the Italian regulator OAM included 14 companies, including Young Platform, Tesora, Anubi Digital, CheckSig, Binance Italy, Blockeras, Platypus, Cryptosmart, Conio, Bitpanda gmbh, Tinaba spa, Chainside, Cls, The Rock Trading.

Source: Bits

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