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Coinbase

Coinbase Get Crypto Asset Service Provider License From Italy 

The crypto exchange has expanded its presence in Europe with the latest license from Italy’s watchdog.

Coinbase, one of the largest cryptocurrency exchanges, has been licensed to operate in Italy. Licensed by Organismo Agenti e Mediatori (OAM) in Italy

Firstly

With the announcement, coinbase becomes the first cryptocurrency exchange to obtain a valid license from Italian regulators.

The OAM’s requirements demand foreign crypto companies in Italy to put strict anti-money laundering measures in place before servicing residents.

RELATED : Russia Has Issued a New ‘Crypto Payments Ban

Gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators

What Does Coinbase Want

The aim of coinbase is to be in the European market and to dominate the market by being one step ahead of its competitors.

As we continue to grow across Europe and other regions, maintaining our strong regulatory relationships will ensure that we will continue to bring to market the products that our customers want, through the most trusted and secure platform in the cryptoeconomy

Becoming the Amazon of Crypto

bitcoin
Amazon

Even though it is the largest cryptocurrency exchange in America, it is still behind its rivals ftx and binance. Coinbase who wants to close the power difference has to be fast, binance received the same document much earlier from Italy.

Despite the tough rivalry, Coinbase still hopes to become the Amazon of crypto. Earlier this year, Guillaume Chatain, Coinbase’s Head of EMEA (Europe, Middle East, and Africa), revealed that the company intends to offer all crypto assets available in the market as long as it is authorized to do so.

We will see what will happen between these big crypto market. What is your thinking ? Thanks for sharing your ideas

About Hama Amefiz

Amefiz is a professional blockchain, cryptocurrency and tech journalist, regular contributor to newsbsc.com who is writing analysis about the latest developments in the cryptocurrency and blockchain space.

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