Binance Receives Digital Asset Provider License in Italy

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Cryptocurrency exchange Binance has received a license as a service provider in the digital asset market in Italy. The Binance Italy division was registered by the local regulator - OAM.

In July 2021, the Italian National Commission forAffairs of Companies and the Stock Exchange warned consumers that Binance is not authorized to provide investment services and carry out operations in the country.

“Registration of Binance Italy, a local legalThe face of the Group, created a few months ago, allows the company to offer crypto products to Italian clients,” the company said in a statement.

Binance intends to strengthen its presence in the Italian market. The company will open a representative office and expand its staff in the country.&nbsp;

Previously, the exchange received a license as a service provider in the digital asset market from the French Financial Market Supervisory Commission.

Recall that in May 2022, the Central Bank of Bahrain issued a license to Binance, allowing the platform to offer consumers “a full range of services for the exchange of crypto assets.”