Coinbase secures approval from Italian regulators to provide crypto services
Coinbase announces that it has secured approval from Italian regulators to provide ongoing crypto services to Italian residents.
The new requirement implemented by the Organismo Agenti e Mediatori (OAM) mandated that all companies offering crypto trading, custody or other services, meet set criteria. Coinbase says it among the first companies to meet these benchmarks.
Coinbase serves customers across almost 40 European countries through dedicated hubs in Ireland, the UK, and Germany. The company is in the process of strengthening its presence across Europe and has registrations or license applications in progress in several major markets in compliance with local regulations.
“Building a constructive relationship with regulators in every jurisdiction in which we operate is incredibly important as we march toward our mission of increasing economic freedom in every corner of the world. Gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators. As we continue to grow across Europe and other regions, maintaining our strong regulatory relationships will ensure that we will continue to bring to market the products that our customers want, through the most trusted and secure platform in the cryptoeconomy.” Nana Murugesan, Vice President, International and Business Development.