, one of the world’s largest cryptocurrency exchanges, has received regulatory approval to provide its services in Italy.

This marks a major expansion for, which is now available in over 50 countries. The company plans to continue expanding its presence in Europe, with plans to launch in Switzerland later this year.

The Organismo Agenti e Mediatori (OAM) has given its approval to the platform. According to a statement released by the platform on Tuesday. In September 2020, first applied for the license.’s Chief Executive Kris Marszalek says in the statement that. The company is excited to bring its “simple and powerful crypto experience” to Italy.

The news comes as is gearing up for a major expansion in Europe. The company is currently available in over 50 countries and plans to launch in Switzerland later this year. has been on a mission to expand its presence in Europe. And it looks like the company is making good on its promise. After securing a license from the OAM, is now available in Italy.

The app allows users to buy, sell, and store cryptocurrencies. The app also offers a number of other features such as a Crypto Credit service that lets users borrow against their crypto holdings.

Regulatory consent: a major step forward

The licensing clears the way for, a fast-growing firm that has expanded its cryptocurrency offerings and digital wallet services. In recent months, to offer its suite of crypto products and services in the country.

This achievement implies that the exchange’s actions are now consistent with local laws.

We are excited to receive this registration in Italy and view it as a major step forward for,” said Kris Marszalek, the exchange’s co-founder and CEO.

Marszalek, commenting on his company’s move to get registered, adds:

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.”

Following the approval of Greek authorities,, which was founded in 2016 and now has over 50 million users worldwide, has activated its Italian registration. The company is now operational in more than 180 countries and territories. also operates the MCO Visa card, which allows customers to spend their crypto balances anywhere that accepts Visa. As well as earn up to 5% back on all spending in crypto. The card is currently available in 31 countries and plans to expand this number

The platform also gets approval for a provisional Virtual Asset License from Dubai’s Virtual (VARA). And additional approval in principle from the Monetary Authority of Singapore. is on a mission to accelerate the world’s transition to cryptocurrency. The team has built one of the world’s most popular crypto wallets with over 5 million downloads. A spot in Apple’s App Store Top 10, and a 4.8 rating.

The Wallet & Card App allows users to buy, sell, and pay with crypto, as well as track the latest crypto prices. The Wallet App has been built with an intense focus on security and ease-of-use.

The regulatory greenlight has been granted to, which will allow it to join other notable cryptocurrency enterprises. Like Binance and Coinbase in receiving registration is also registered and licensed in Malta, Estonia, Lichtenstein, and the United Kingdom.

This move comes as Italy’s financial watchdog begins to take a more active role in regulating the cryptocurrency space. Recently, the Italian Securities and Exchange Commission (CONSOB) published a report that warned investors about the risks associated with investing in digital assets.

What do you think about this approval? Please hit the comment section and share your thoughts with us!

James Atkins

I have been writing copy for blockchain-related projects since 2017. I understand the importance of being able to communicate clearly and effectively with both technical and non-technical audiences. By leveraging my understanding of the crypto industry trends, I can help increase adoption in this rapidly evolving landscape.