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Crypto.com Receives Authorisation to Operate in Italy

Crypto.com Receives Authorisation to Operate in Italy

Crypto.com gets a green light to operate in yet another country. 

Crypto.com, one of the largest crypto exchanges, has received Italy’s Organismo Agenti de Mediatori's approval to "provide virtual currency and digital wallet services". 

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According to the July 19th blog post, this is a great milestone, which will allow the company to provide its products and services to the Italian market while being a part of the country's financial system. 

Italy, as one of the economical leaders of the European Union, has successfully adapted Bitcoin and other cryptocurrencies. The Italians are sharing a growing interest in crypto investments and blockchain technology. Therefore, it is not a surprise that Crypto.com is expanding its network there. 

Unlike most European countries, the Italian Government is extremely keen to boost the adaptation of blockchain technology. Earlier this month, The Italian Ministry of Economic Development announced about the possibility to provide up to $46 million in funding for blockchain projects. 

In the official announcement the CEO and Co-founder of Crypto.com, Kris Marszalek shares his excitement: 

We are excited to receive this registration in Italy and view it as a major step forward for Crypto.com. We are committed to building lasting growth in the region and will continue working with regulators to deliver a wide range of products and services to our valued customers.

Singapore-based, Crypto.com is actively expanding around the world, claiming to have 50 million users worldwide. Just recently the crypto exchange platform announced receiving regulatory licenses to operate in Singapore, Dubai, and Greece

The crypto exchange company is not the only one trying to get the chance to operate in the Italian cryptocurrency market. On July 18 alone, Coinbase also announced receiving approval from the Italian Anti-Money Laundering regulator. 

Gile K., Market Sentiment Analyst
Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.



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