As part of the world&39s biggest crypto exchanges ongoing European expansion, Binance Italy has been successfully registered as a digital asset service provider with OAM (Organismo Agenti e Mediatori), Italys regulatory organization in charge of administering the listings of financial agents. After being labeled as unlawful by the financial authority CONSOB last July, the exchange may now legally provide crypto services in Italy. In 2021, Binance was also barred from providing derivatives to Italian nationals. Binance CEO Changpeng Zhao stated that clear and effective regulation is required if crypto is to truly become mainstream. He also mentioned that Binance is grateful to the Ministry of Economy and Finance and the OAM for their work in defining and controlling the essential conditions for complete transparency as far as operating in Italy is concerned. The decision comes only weeks after Binance received regulatory permission from the AMF in France, in addition to licenses in Bahrain and Dubai, as part of its continuing worldwide expansion and development.
