Crypto exchange Binance has received regulatory acceptance from Italy’s money regulator to work as a cryptocurrency company service provider in the state. “Clear and helpful regulation is necessary for mainstream adoption of cryptocurrencies,” reported Binance CEO Changpeng Zhao.
Binance Now Accredited in Italy
Binance declared Friday that Binance Italy “has received regulatory approval” by way of registration as a Cryptocurrency Service Provider with the Organismo Agenti e Mediatori (OAM), as expected by the Italian laws on crypto belongings.
The announcement states:
The registration of Binance Italy … allows the company to offer crypto products and solutions to its clients in Italy.
Binance Italy, set up in new months, is the legal entity of the Binance Team in Italy.
Before this month, Binance reported it has received acceptance from the French financial regulator, the Autorité des marchés financiers (AMF), to run as a registered Electronic Asset Company Company (DASP). The crypto trade also not too long ago gained licenses in Bahrain and Dubai.
Changpeng Zhao (CZ), co-founder and CEO of Binance, commented:
Distinct and helpful regulation is important for mainstream adoption of cryptocurrencies.
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Kevin Helms
A pupil of Austrian Economics, Kevin discovered Bitcoin (
$84,330.00 ) in 2011 and has been an evangelist ever due to the fact. His interests lie in Bitcoin ( $84,330.00 ) protection, open up-supply devices, community results and the intersection between economics and cryptography.
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