Binance has received a license for digital assets provider in Italy

Binance has received a license for digital assets provider in Italy

Binance cryptocurrency exchange has received a license for the service provider in the digital asset market in Italy. The Binance Italy unit was registered by the local regulator – OAM .

The Registration Is Part of Our OUR OURT EXPANSION in Europe, Which Also Makes #binance The First Major Exchange to Registered to Offer Crypto Products to Italian Cubermers.

We Will Continue to work with Global Regulators to Bring Crypto Industry Into the Mainstream.

– Binance (@binance) May 27, 2022

In July 2021, the National Commission of Italy for Companies and Stock Exchange warned consumers that Binance was not authorized to provide investment services and carry out operational activities in the country.

“Registration of Binance Italy, a local legal entity of a group created several months ago, allows the company to offer cryptoproducts 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 the staff of employees in the country.

Earlier, the exchange received a license for the provider of services in the digital assets market from the France financial market supervision commission.

Recall that in May 2022, the Central Bank of Bahrain issued Binance a Blockchain community license that allows the platform to offer consumers a “full range of crypto activists exchange services”.