Benvenuto! Italian regulators welcome Europe’s largest crypto powerhouse, Blockchain.com
The epicenter of the Renaissance, Italy has long been recognized for its modern influence across Europe. Today, the nation continues to embrace forward-thinking technology and innovation.
On the heels of a recent Cayman Islands regulatory approval, Blockchain.com has successfully secured regulatory approval from Italy’s Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP) and can now provide virtual currency and wallet services to Italian residents and institutional investors under the OAM’s regulatory framework. Bellissimo!
Through engaging with OAM we’ve been encouraged by the thoughtful approach to protecting consumers and preventing money laundering. A key growth market, Italy represents a significant economy in Europe with a high crypto adoption rate relative to its peer countries in the EU. Additionally, this milestone strengthens our position to offer services across Europe ahead of the forthcoming Regulation on Markets in Crypto Assets (MiCAR), a landmark law expected to take effect in 2024/2025 that will create a single market for crypto through harmonized rules.
This registration is part of our broader commitment to global compliance and regulation in every jurisdiction where we do business. Founded in the UK in 2011, we continue to expand our products and services in Europe, which still represents our fastest growing geography.
In fact, we have additional registrations and licenses in process in the U.S., Germany, France, Spain, Dubai, Ireland and The Netherlands, providing an ever-expanding range of options for our retail and institutional clients.
With 83 million wallets in more than 200 countries, Blockchain.com makes crypto easy to use with a powerful Wallet, lightning-fast Exchange, data-rich Explorer, and a bespoke Institutional business. As a heritage crypto platform, we’re proud to have transacted more than $1.2 trillion in crypto to date.
You can view Blockchain.com’s registration on the OAM registry for crypto enterprises here.