Crypto.com announced on July 19 that it received regulatory approval as a digital asset provider from the Organismo Agenti e Mediatori (OAM).
Crypto.com follows in the footsteps of Coinbase and Binance, among others. In recent months, the exchange has received regulatory licenses to operate in Greece, Singapore and Dubai.
Kris Marszalek, co-founder and CEO of Crypto.com, said;
“We are excited to receive this registration in Italy and see it as a big step forward for Crypto.com.”
“We are committed to generating lasting growth in the region and will continue to work with regulators to offer a wide range of products and services to our valued customers.”
On July 14, the OAM had reminded in a circular that July 15 would be the last date to file applications for registration with the regulator. This is reflected in the press release:
According to the regulation, service providers related to the use of virtual currency and digital wallet service providers must register. The requirements for registration are: for subjects other than natural persons, registered and administrative seat in Italy or, for EU subjects, a permanent establishment in the territory of the Republic; for natural persons citizenship of Italy or of a State of the European Union or of a different State, domicile in the territory of the Republic.
