March 28, 2024

Binance exchange expands to Italy

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2 minutes.

Binance exchange expands to Italy

The largest cryptocurrency exchangeBinance immediately after registration in Bahrain, Dubai and France received a license to operate from the Italian regulator Organismo Agenti e Mediatori (OAM).

Binance Italy joined the 13 companies registered with OAM and was able to provide crypto services in compliance with Italian law.

The company's blog states that "the creation andThe registration of Binance Italy with the ability to offer crypto products to customers in Italy is a clear indication of the importance for Binance to act in accordance with local cryptocurrency laws.” Obtaining a license will allow the company to open offices and expand its local team.

Changpeng Zhao, co-founder of the Binance trading platform, said that clear and effective regulation is necessary for the widespread adoption of cryptocurrencies.

“Binance has always put its usersfirst place, and thanks to actions such as the implementation of the registry, they can be sure that our platform is one of the safest and most reliable in the world,” the general director of the site expressed his gratitude to the Italian authorities.

In early May, Binance registered as a “digital asset service provider” in France. And not long ago
before that - in Bayrein and Dubai.

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Now on the register of the Italian regulatorOAM includes 14 companies, including Young Platform, Tesora, Anubi Digital, CheckSig, Binance Italy, Blockeras, Platypus, Cryptosmart, Conio, Bitpanda gmbh, Tinaba spa, Chainside, Cls, The Rock Trading.