Coinbase has been approved to operate in Italy as a crypto asset service provider as it continues a push into Europe.
Coinbase has obtained a license to operate in Italy as a cyrpto asset service provider as the exchange expands in the region.on Monday, the publicly traded crypto exchange now meets the new requirements put in place by the Italian regulatory authority Organismo Agenti e Mediatori. It claims to be one of the first companies to meet these benchmarks.
"Gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators," said international and business development VP Nana Murugesan in the statement.
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