Bitstamp Secures OAM Approval to Operate in Italy

Cryptocurrency exchange Bitstamp has obtained approval to operate in Italy, the Luxembourg-based company's CEO confirmed.

"This registration in Italy is part of our global plans to offer services across Europe and around the world," said JB Graftieaux in an email.

The platform registered with the financial regulator Organismo Agenti e Mediatori (OAM) on July 22, according to OAM's website.

Bitstamp isn't the only company expanding its operations into Italy. Binance, BitGo, Coinbase and Crypto.com have all recently secured clearance from OAM.

"Italy is among the most important markets in Europe, and we are thrilled to provide its citizens with a safe and secure way to trade cryptocurrencies," said Graftieaux.

Bitstamp has operated in Europe since 2011, with registration in Luxembourg and the Netherlands. In May, the exchange appointed Graftieaux, the company's former chief compliance officer and Europe CEO, as global CEO.

Source: CoinDesk