December 4, 2022

Binance Gets Approval From Italy Crypto Regulators

Binance received regulatory permission as a Cryptocurrency Service Provider from Italy’s watchdog. Binance announced that its Italy branch was named an “Organismo Agenti e Mediatori.” To better serve its consumers, the company set up Binance Italy as a separate legal entity. Due to that, it can now sell cryptocurrency there.

The acceptance of cryptos by the general public requires proper and concise regulation. A big thank you goes out to the OAM and Ministry of Economy and Finance. That’s for all they’ve done to ensure that doing business in Italy is as transparent as possible. 

Changpeng Zhao said that Binance has always prioritized its users’ safety and security. So the company has implemented measures like the registry. It is a key milestone in Binance’s expansion plan for Italy. It will help the firm to extend its footprint in the nation. Starting from establishing offices and bringing on more employees, the company stated.

Binance in Bahrain

The revelation follows Binance’s announcement. The Binance Bahrain branch has secured a Category 4 license from the CBB as a CASP. This license can provide a full range of crypto services to customers across the country. The Bahraini officials gave Binance Bahrain the signal to run as a crypto exchange.

Binance’s rise to a Category 4 license in Bahrain is a significant milestone. It demonstrates their dedication to becoming a compliance-first exchange. It will enable us to offer a complete array of services and products. Ones that consumers grew to expect from exchanges in a secure and regulated setting.

Binance Has Offices in Thailand and France

The AMF and the ACPR have granted Binance France a DASP registration with the consent of the ACPR. Binance France becoming a DASP is a big step forward for crypto in Europe. People hope enhanced AML protections in France, and Europe will boost more cryptos. 

In the release, Binance France CEO David Princay made a statement. He said that more users and the community would enjoy more liquidity in the market. That will be thanks to the increased adoption. Binance joined forces with Gulf Energy Development (Sarath Ratanavadi) in April. The aim was to apply for a license to work as an exchange platform for digital assets in Thailand.