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Coinbase Secures Regulatory Approval in Italy
The crypto exchange joins Binance in gaining clearance in that country.
San Francisco-based cryptocurrency exchange Coinbase has secured approval from financial regulators in Italy, allowing it to continue serving Italian customers.
- According to a blog post, the Organismo Agenti e Mediatori (OAM) has added a new requirement that mandates all crypto trading or custody companies to meet the criteria before continuing to offer services in Italy.
- “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," said Nana Murugesan, vice president of international and business development at Coinbase. "Gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators."
- Rival exchange Binance received regulatory approval in Italy from the OAM last month.
Oliver Knight
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
