CryptoWallCity vs MEXC Exchange

Italy “green light” for Binance

Binance, the world’s leading blockchain ecosystem and crypto infrastructure provider, today announced that it has received regulatory approval in Italy.

Specifically, Binance says it has received regulatory approval in Italy through its registration as a Cryptocurrency Service Provider with the Organismo Agenti e Mediatori (OAM), as required under Italian law on crypto-assets death.

This will allow Binance to legally offer crypto products to its customers in Italy. This is also concrete evidence of the importance of Binance operating in compliance with the regulations of countries related to cryptocurrencies.

Receiving Italian approval is an important milestone in Binance’s growth strategy, which will help the exchange strengthen its presence in the country by opening offices and expanding its team in the country.

“Clear and effective regulation is essential for cryptocurrency mainstream adoption,” said Changpeng Zhao (CZ), co-founder and CEO of Binance. We thank the Ministry of Economy and Finance and the OAM for their efforts in defining and controlling the requirements necessary for Binance to operate in Italy with complete transparency. Binance always puts its users first, and with actions like implementing a registry, we are committed and confident that our exchange is one of the safest and most trusted crypto exchanges. best in the world”

In addition to Italy, Binance is also serving as a “Digital Asset Service Provider” in France at the beginning of May 2022. Recently, the exchange received licenses to operate in Bahrain and Dubai.

Comments (No)

Leave a Reply