Bitstamp the latest crypto exchange to receive license in Italy

Bitstamp has registered as a virtual asset service provider in Italy, allowing the Luxembourg-based crypto exchange to offer its trading services to retail traders and institutions in the country, according to a blog post dated Wednesday.Through its European subsidiary, Bitstamp Europe, the company received its license from Organismo Agenti e Mediatori, Italy's anti-money laundering protector.The company is expanding its global footprint as "we believe the crypto market will continue to grow and mature as cryptocurrencies become increasingly mainstream," it said.The move comes at rivals Coinbase Global (COIN) and Crypto.com both landed regulatory approvals to operate in Italy.Last year, Bitstamp ramped up its U.S. expansion.