PlayIconNav
BTC
$54,126.64+0.38%
ETH
$2,273.22+1.21%
BNB
$493.31+1.05%
SOL
$126.72-0.02%
XRP
$0.52717226+1.12%
DOGE
$0.09437198+2.87%
CD20
$1,733.68+1.12%
TRX
$0.15119861+2.08%
TON
$4.60-2.83%
ADA
$0.32453360+2.95%
AVAX
$21.68+2.48%
WBTC
$54,063.12+0.36%
Ad
Finance

Coinbase Secures Regulatory Approval in Italy

The crypto exchange joins Binance in gaining clearance in that country.

By Oliver Knight
AccessTimeIconJul 18, 2022 at 10:03 a.m. UTC
Updated May 11, 2023 at 4:22 p.m. UTC
CoinDesk placeholder image

San Francisco-based cryptocurrency exchange Coinbase has secured approval from financial regulators in Italy, allowing it to continue serving Italian customers.

  • According to a blog post, the Organismo Agenti e Mediatori (OAM) has added a new requirement that mandates all crypto trading or custody companies to meet the criteria before continuing to offer services in Italy.
  • “Building a constructive relationship with regulators in every jurisdiction in which we operate is incredibly important as we march toward our mission of increasing economic freedom in every corner of the world," said Nana Murugesan, vice president of international and business development at Coinbase. "Gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators."
  • Rival exchange Binance received regulatory approval in Italy from the OAM last month.
VolumeMuteUnmute

Messari CEO Reflects on Senate’s Influence on Crypto Industry

  • SEC's Crypto Enforcement Actions in 2023
    02:07
    SEC's Crypto Enforcement Actions in 2023
  • How Much Money Are Terrorists Actually Raising in Crypto?
    1:09:58
    How Much Money Are Terrorists Actually Raising in Crypto?
  • Cost of Not Enacting Crypto Regulation Is 'Extremely High,' Legal Expert Says
    01:31
    Cost of Not Enacting Crypto Regulation Is 'Extremely High,' Legal Expert Says
  • Ripple Exec Says Singapore Is a 'Significant Hub for Our Business'
    08:06
    Ripple Exec Says Singapore Is a 'Significant Hub for Our Business'

    • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Oliver Knight
    Oliver Knight

    Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

    Follow @OKnightCrypto on Twitter