- Crypto.com gained regulators’ approval.
- Crypto.com has over 50 million users worldwide.
Today, the Singapore-based cryptocurrency exchange Crypto.com announced that the Italian monetary regulators Organismo Agenti e Mediatori (OAM) had granted it permission to operate in Italy to provide cryptocurrency and digital wallet services to Italian Users.
Crypto.com is the world’s fastest-growing cryptocurrency exchange, with this authorization, Crypto.com will be allowed to provide a variety of goods and services to Italian customers following the national legislation.
Co-Founder and CEO of Crypto.com Kris Marszalek stated that;
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.
Crypto.com Expanding its space in Europe
The initiative is a part of Crypto.com’s aim to increase its market share in Europe. The exchange has more than 50 million users globally and actively expands and develops its ecosystem.
The Hellenic Capital Market Commission recently registered Crypto.com in Greece and the Monetary Authority of Singapore granted in-principle authorization for a Major Payment Institution License. Also, Dubai Virtual Assets Regulatory Authority granted preliminary approval for its Virtual Asset License.
Crypto.com is aimed at accelerating the development of entrepreneurs, creators, and builders to establish a stronger and more equal digital ecosystem as well as speeding the adoption of cryptocurrencies through innovation.
Cryptocurrency adoption is getting wider day by day, as a result of this many cryptocurrency exchanges are gaining regulatory approvals from other countries as well as their own country.