Coinbase Gets Approval for Crypto Asset Service Provider in Italy
Coinbase started providing its cryptocurrency services in Italy some time ago, offering Coinbase card services in the country at from June 2019.
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Coinbase, the US-based cryptocurrency exchange, continues its aggressive European expansion by gaining permission to offer crypto services in Italy.
Coinbase announced on July 18 that it had obtained the approval of the crypto asset service provider from Italian anti-money laundering regulator, Organismo Agenti e Mediatori (OAM).
According to a post by Nana Murugesan, Vice President of International and Business Development at Coinbase, the approval will allow Coinbase to continue offering crypto services and launch new products in Italy.
Coinbase started providing its cryptocurrency services in Italy a while ago. As previously reported, the exchange offered Coinbase card services in Italy alongside countries like Spain and Germany as of June 2019.
Murugesan pointed out that Coinbase operates in nearly 40 European countries through dedicated hubs in the UK, Germany, and Ireland.
“We are building our presence across Europe and have pending registrations or license applications in several major markets in accordance with local regulations,” Murugesan said in the announcement. He added that Coinbase's goal is to grow its customer base by launching the Coinbase suite of retail, institutional, and ecosystem services in each of these markets.
Coinbase is not the first crypto exchange to receive OAM approval. In May 2022, the regulator granted approval to crypto exchange Binance, allowing the company to open its new headquarters in Milan.
Related:
Coinbase started providing its cryptocurrency services in Italy some time ago, offering Coinbase card services in the country at from June 2019.
New
Coinbase, the US-based cryptocurrency exchange, continues its aggressive European expansion by gaining permission to offer crypto services in Italy.
Coinbase announced on July 18 that it had obtained the approval of the crypto asset service provider from Italian anti-money laundering regulator, Organismo Agenti e Mediatori (OAM).
According to a post by Nana Murugesan, Vice President of International and Business Development at Coinbase, the approval will allow Coinbase to continue offering crypto services and launch new products in Italy.
Coinbase started providing its cryptocurrency services in Italy a while ago. As previously reported, the exchange offered Coinbase card services in Italy alongside countries like Spain and Germany as of June 2019.
Murugesan pointed out that Coinbase operates in nearly 40 European countries through dedicated hubs in the UK, Germany, and Ireland.
“We are building our presence across Europe and have pending registrations or license applications in several major markets in accordance with local regulations,” Murugesan said in the announcement. He added that Coinbase's goal is to grow its customer base by launching the Coinbase suite of retail, institutional, and ecosystem services in each of these markets.
Coinbase is not the first crypto exchange to receive OAM approval. In May 2022, the regulator granted approval to crypto exchange Binance, allowing the company to open its new headquarters in Milan.
Related:
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