Crypto.com Granted Registration and Regulatory Approval in Italy

Crypto.com, the world's fastest growing cryptocurrency platform, announced today that it has received registration and regulatory approval from the Organismo Agenti e Mediatori (OAM) in Italy as a provider of virtual currency and digital wallet services. This approval will enable Crypto.com to offer a suite of products and services to Italian customers in compliance with local regulations.

"We are excited to receive this registration in Italy and view it as a major step forward for Crypto.com," said Kris Marszalek, Co-Founder and CEO of Crypto.com. "We are committed to building lasting growth in the region and will continue working with regulators to deliver a wide range of products and services to our valued customers."

Crypto.com continues to actively grow and expand its ecosystem, with more than 50 million users worldwide. Crypto.com has also recently received registration in Greece from the Hellenic Capital Market Commission, in-principle approval for a Major Payment Institution License from the Monetary Authority of Singapore, and provisional approval of its Virtual Asset License from the Dubai Virtual Assets Regulatory Authority​.

To enhance compliance and leadership, Crypto.com appointed Stephen Humenik as Global Head of Derivatives Legal on Tuesday. In May, the crypto platform named Kwon Park its Managing Director​.