Coinbase Acquires Crypto Asset Service Provider License in Italy

Leading American cryptocurrency exchange Coinbase said it had received regulatory approval from the Organismo Agenti e Mediatori (OAM) to operate as a crypto asset provider in Italy. The license allows the exchange to continue to offer its services to customers in the country.

Announcing the development today, Coinbase said it had become one of the first crypto firms to meet the new requirements of Italian regulators, which mandate all crypto-related firms servicing customers in the country to secure regulatory approval. The move is part of Coinbase’s efforts to strengthen its foothold in European markets. Earlier this month, the company revealed that it intends to acquire regulatory nods in more European countries. #TOGRP7

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