Denmark-based cryptocurrency exchange Coinify has announced that it has received regulatory approval to operate in Italy.
Crypto trading and payment services are now available to Italian users and institutional investors under the supervision of the financial regulator, the company said in a statement.
The online platform has provided virtual currency trading services in over 180 countries.
In February, the Italian Ministry of Economy and Finance (MEF) issued a new decree requiring cryptocurrency and digital wallet service providers operating or intending to operate in Italy to register with the financial regulator Organic Intermediaries (OAM)- a special part of the registration.
The exchange follows in the footsteps of other crypto companies that are expanding their operations and registering with the Italian financial regulator OAM.
So far, several major exchanges have registered with OAM, including BitGo, Binance, Coinbase in the US, Crypto.com in Singapore, and Luxembourg-based...
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