Binance’s service is now registered in Italy

Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, announces that on May 27, it has obtained registration with the register for virtual currency traders managed by the Agents and Mediators Organization (OAM), which exclusively and autonomously manages the Lists of Financial Agents and Credit Mediators to operate in Italy.

Registration in the register in the name of Binance Italy, the legal entity of the group in the country established in recent months, will allow the company to offer crypto products to its customers and is concrete testimony of Binance’s commitment to comply with local regulations in the field of cryptocurrencies.

Furthermore, it represents an important piece of Binance’s growth strategy in Italy that will allow the company to strengthen its presence in the country by opening offices and expanding the team of professionals active in the area.

The news follows Binance’s milestone in France in early May 2022, when it received registration as a “Digital Asset Service Provider” (DASP) by AMF, the country’s equity market regulator, in the wake of authorizations recently received in Bahrain and Dubai.

Registration provides for the transmission to the OAM of data relating to operations carried out in the territory of the Italian Republic on a quarterly basis.

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