Cryptocurrency exchange Binance has registered Binance Italy as a virtual asset service provider with Organismo Agenti e Mediatori (OAM), a regulatory agency in that country for managing the lists of financial agents.
- "Clear and effective regulation is essential for mainstream adoption of cryptocurrencies," Binance CEO Changpeng Zhao, said in a statement. "We thank the Ministry of Economy and Finance and the OAM for their efforts in defining and controlling the necessary requirements to operate in Italy in full transparency."
- The move comes weeks after Binance – continuing with its global expansion – secured regulatory approval with the AMF in France, as well as licenses in Bahrain and Dubai.
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