Cryptocurrency exchange from Hong Kong is expanding its presence in the European market.
Italy’s main regulatory body, Organismo Agenti e Mediatori (OAM), approved
activities of Crypto.com by licensing the platform as a provider of virtual assets and digital wallets for Italian investors.
The co-founder and CEO of the platform, Kris Marszalek, assures that the approval of the Italian regulator signals a turning point in the development of the company to the crypto community.
“We are pleased to receive registration in Italy and see it as an important step for the development of Crypto.com. We are committed to sustainable growth in the European region and will continue to work with regulators to provide a wide range of products and services to our valued customers,” said Chris Marsalek.
Crypto.com has become another regulated digital asset provider in Italy, after Binance and Coinbase.
Previously, Crypto.com received pre-approval for crypto asset transactions from the Dubai Virtual Assets Regulatory Authority (VARA). With the VARA approval, the exchange has secured a presence in the United Arab Emirates (UAE) and plans to launch a cryptocurrency exchange service in the UAE.
Source: Bits
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