Crypto.com has been licensed as a virtual asset service provider in Italy

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A Hong Kong-based cryptocurrency exchange is expanding its presence in the European market.

Italy's main regulatory body, Organismo Agenti e Mediatori (OAM), has approved
activities of Crypto.com, licensing the platform to provide services as a provider of virtual assets and digital wallets for Italian investors.

Co-founder and CEO of the platform, Kris Marszalek, assures that the approval of the Italian regulator signals to the crypto community a turning point in the company’s development.

“We are pleased to receive registration in Italy andWe consider it as an important step for the development of Crypto.com. We are committed to delivering sustainable growth in the European region and will continue to work with regulators to provide a wide range of products and services to our valued customers,” said Chris Marsalek.

Crypto.com has become another regulated organization providing access to digital assets in Italy, after Binance and Coinbase.

Previously, Crypto.com received
pre-approval for transactions withcrypto assets from the Dubai Virtual Assets Regulatory Authority (VARA). Thanks to VARA approval, the exchange has secured a presence in the United Arab Emirates (UAE) and plans to
launch a cryptocurrency exchange service in the UAE.