Blockchain.com, a global cryptocurrency exchange headquartered in the UK, said on Thursday it had registered as a virtual asset service provider in Italy.
The latest approval enables its legal entity to operate in Italy issued by the Italian financial authority Organismo Agenti e Mediatori (OAM). Blockchain.com said the registration it obtained would make it accountable and minimize the prospects for money laundering.
In a statement, the firm said it can now offer its crypto and digital wallet services to Italian users and institutional investors under the financial watchdog.
"This registration strengthens our position to offer services across Europe," Blockchain.com said.
Why Crypto Firms Are Currently Seeking Regulatory Approval in Italy
Blockchain.com is one of the digital asset providers expected to register afresh with the Organismo degli Agenti e dei Mediatori (OAM), which regulates the cryptocurrency industry in Italy.
In February, Italy's Ministry of Economy and Finance...
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