{"id":13279,"date":"2022-07-19T04:53:47","date_gmt":"2022-07-19T04:53:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/coinbase-obtains-regulatory-approval-to-provide-crypto-services-in-italy-regulation-bitcoin-news\/"},"modified":"2022-07-19T04:53:47","modified_gmt":"2022-07-19T04:53:47","slug":"coinbase-obtains-regulatory-approval-to-provide-crypto-services-in-italy-regulation-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/coinbase-obtains-regulatory-approval-to-provide-crypto-services-in-italy-regulation-bitcoin-news\/","title":{"rendered":"Coinbase Obtains Regulatory Approval to Provide Crypto Services in Italy \u2013 Regulation Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Nasdaq-listed cryptocurrency exchange Coinbase has obtained regulatory approval to offer crypto services in Italy. \u201cCoinbase is committed to bringing the power of our full product suite to customers across Europe,\u201d the company said.<\/strong><\/p>\n

Coinbase Approved in Italy<\/h2>\n

Cryptocurrency exchange Coinbase (Nasdaq: COIN) announced Monday that it has secured regulatory approval to provide crypto services in Italy.<\/p>\n

The company\u2019s vice president of International and Business Development, Nana Murugesan, explained in a blog post:<\/p>\n

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Today, we\u2019re able to announce a key milestone \u2026 securing approval from Italian regulators to provide ongoing crypto services to its residents.<\/p>\n<\/blockquote>\n

\u201cThe new requirement implemented by the Organismo Agenti e Mediatori (OAM), mandated that all companies offering crypto trading, custody or other services, meet set criteria,\u201d the executive described.<\/p>\n

\u201cCoinbase serves customers across almost 40 European countries through dedicated hubs in Ireland, the U.K., and Germany,\u201d Murugesan detailed, emphasizing that \u201cCoinbase is committed to bringing the power of our full product suite to customers across Europe.\u201d The vice president continued:<\/p>\n

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We are in the process of strengthening our presence across Europe and have registrations or license applications in progress in several major markets in compliance with local regulations.<\/p>\n<\/blockquote>\n

Murugesan clarified, \u201cIn each of these markets, our goal is to grow our customer base by launching the Coinbase suite of retail, institutional, and ecosystem products.\u201d<\/p>\n

Coinbase announced<\/a> its European expansion plan last month. Murugesan revealed at the time that the company is in the process of expanding in France, Italy, Spain, and the Netherlands.<\/p>\n

The Nasdaq-listed crypto exchange is not the first major trading platform to obtain regulatory approval in Italy, however. In May, rival crypto exchange Binance<\/a> said that it has obtained regulatory approval to offer crypto products in the country.<\/p>\n

What do you think about Coinbase getting regulatory approval to offer crypto services in Italy? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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