CRYPTOCURRENCY: Binance has legally registered with Italy’s financial company

Binance Italy's latest registration could make corporations more accountable and lower the likelihood of money laundering.

CRYPTOCURRENCY: Binance has legally registered with Italy's financial company
CRYPTOCURRENCY: Binance has legally registered with Italy's financial company

As the largest cryptocurrency exchange attempts to gain ground in Europe, Binance announced on Friday that its legal company in Italy had approved with the country’s authority.

Binance Italy’s latest registration could help the firm more traceable and lower the likelihood of money laundering.

CRYPTOCURRENCY: Binance has legally registered with Italy's financial company
CRYPTOCURRENCY: Binance has legally registered with Italy’s financial company

Binance announced that it would now be able to create locations in Italy and increase its team there. The company is one of 14 virtual asset operators that have established with the Organismo degli Agenti e dei Mediatori (OAM), the Italian regulatory body that oversees the crypto industry.

Binance was obliged to scale back its product offers in Europe about a year ago after regulators scrutinized the company. The corporation had to shut down its trades and derivatives business in Italy.

Binance’s CEO Changpeng Zhao announced earlier this month that the company had also established with France’s market authority. Binance also wants to be registered in Switzerland, Sweden, Spain, the Netherlands, Portugal, and Austria.

 



Stay Connected , follow us on: Facebook: @creebhillsdotcom, Twitter: @creebhillsblog, Instagram: @creebhills, Pinterest: @creebhills Telegram: creebhills

To place an advert/sponsored post on our site, contact us via [email protected]
Previous article“My Pregnant Cousin Took Her own life”, Lady speaks on her cousin’s pregnancy for a rapist
Next articleArsenal star Eddie Nketiah set to sign five-year contract with bumper £100,000-a-week wages
I'm the Chief- Editor at CreebHills. We strive to constantly provide news in various domains in connection to the Nigerian region and the rest of the world. I work also as a PR and Brand Specialist and aim to grow Creebhiils as a brand to reach mass audiences. You can reach out to me at [email protected]

LEAVE A REPLY

Please enter your comment!
Please enter your name here