The measure seeks to strengthen the presence of Binance European territory, so Italy can be a strategic point given that the country is part of the European G7.
***
- Binance received approval from the Organismo Agenti E Mediatori de Italia (OAM).
- Efforts are aimed at having a greater presence in European territory.
- Beforehand Binance indicated that it was seeking an operating licence in Germany and that it already has permits to operate in France.
The exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. with the highest trading volume how much cryptocurrency has been traded over a set period, such as the past 24 hours. worldwide, Binance, is already listed as a legally constituted entity on Italian territory.
Binance legally registered in Italy
The announcement was made by the founder and CEO of Binance, Changpeng Zhao (CZ), who shared the news through a message posted on his official Twitter account, where he also shared the official statement released by the Organismo Agenti E Mediatori de Itala (OAM) the main regulatory authority for financial asset trading.
Breaking: #Binance registered in Italy????????! https://t.co/1a7Nfc3LsU
– CZ changpeng Zhao (CZ) is the founder of crypto exchange Binance. ???? Binance (@cz_binance) May 27, 2022
In the statement shared by Zhao, the OAM indicates that in addition to Binance there are 13 other platforms that have done the due process and are authorized to offer trading operations with cryptocurrencies:
“There are already 14 operators of virtual currencies that, to date, are registered in the register kept by the OAM. These are Young Platform, Tesora srl, Anubi Digital digital technologies are these electronic tools that have the ability to generate, store or even process data. srl, CheckSig srl, Binance Italy srl, Blockeras srl, Platypus srl, Cryptosmart srl, Conio srl, Bitpanda gmbh, Tinaba spa, Chainside, Cls srl, The Rock Trading srl. In fact, the Agency has approved the relative registration applications, which arrived close refers to the closing price; similar to the same term used in stock trading. to the opening of the relevant register”.
Several portals that reviewed the announcement highlight that Binance would be the first major exchange to establish a base of operations in Italy, as well as to offer its services as a provider of trading operations with cryptocurrencies. Let’s keep in mind that the country is part of the G7, and previously the exchange had to withdraw from the countries of the European territory due to the regulatory provisions at that time.
Increased presence in Europe
The new announcement by Binance would be in line with its efforts to maintain a greater presence on European territory, regaining the space it previously held before having to announce its withdrawal from certain key legislation within the continent.
Esta semana el exchange también anunció que ya dispone de la licencia correspondiente para llevar a cabo sus operaciones en Francia, al tiempo que está haciendo el debido proceso para operar en conformidad con las leyes en Alemania.
Beyond the European territory, Binance has also been moving in the Middle East to receive licenses, with Abu Dhabi, Bahrain and Dubai already approved.
Let us keep in mind that Binance faced strong regulatory repercussions when it attempted to launch tokenized stock trading, which conflicted with existing securities laws in many countries where it sought to enable this form of trading.
- Terra 2.0 to launch this Friday: Binance, Huobi and other exchanges back reactivation
- Binance’s CZ says it’s “poor again”: $1.6 billion Luna holdings down to $2.2 billion
- Binance is actively seeking regulatory approval in Germany
Source:EthereumWorldNews, OAM Communiqué
Version by Angel Di Matteo / DiarioBitcoin
Imagen de Unsplash
