Italian regulator gives the go-ahead for Crypto.com's move to expand into Europe

Cryptocurrency exchange Crypto.com (CRO-USD) has been awarded a regulatory license by Organismo Agenti e Mediatori in Italy so that it may provide its goods and services to clients there.



Crypto.com has been given the go-ahead by Italian regulators to provide its services in the Mediterranean country, which the company claims is in keeping with its purpose of "creating sustained growth in the region."


The main anti-money laundering authority in Italy, Organismo Agenti e Mediatori, or OAM, officially registered and authorized Crypto.com on Tuesday.


Effectively, the clearance enables Crypto.com to offer its goods and services to Italian clients.


Co-Founder and CEO of Crypto.com, Kris Marszalek, said:


“We are excited to receive this registration in Italy and view it as a major step forward for Crypto.com. We are committed to building lasting growth in the region and will continue working with regulators to deliver a wide range of products and services to our valued customers."


The company recently acquired permission to conduct business in Greece; in June, it received a license to operate in Singapore; and in March, it established a presence in Dubai.

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