In a recent blog post, Coinbase announced it secured approval from Italian regulators to provide ongoing crypto services to its residents. The new requirement implemented by the Organismo Agenti e Mediatori (OAM) mandated that all companies offering crypto trading, custody, or other services, meet set criteria. We’re proud to be among the first companies to meet these benchmarks. Coinbase serves customers across almost 40 European countries through dedicated hubs in Ireland, the UK, and Germany.
“Building a constructive relationship with regulators in every jurisdiction in which we operate is incredibly important as we march toward our mission of increasing economic freedom in every corner of the world. Gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators,” says Nana Murugesan, Vice President, International and Business Development.
The blog post continues to point out that Coinbase is in the process of strengthening its European presence and have registrations or license applications in progress in several major markets in compliance with local regulations.