Crypto.com Gets Regulatory License, Expands to Italy

According to a press statement, Organismo Agenti e Mediatori (OAM) in Italy has granted Crypto.com a regulatory license, enabling the exchange to offer its goods and services to consumers. It’s the most recent step in Crypto.com’s expansion strategy after the company recently received authorization to conduct business in Greece, gained a license in Singapore in June, and opened an office in Dubai in March. “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,” said company co-founder and CEO Kris Marszalek. Crypto.com Expanding its Ecosystem With more than 50 million users globally, Crypto.com’s ecosystem constantly expands. The Hellenic Capital Market Commission recently registered Crypto.com in Greece, the Monetary Authority of Singapore granted in-principle approval for a Major Payment Institution License, and the Dubai Virtual Assets Regulatory Authority granted preliminary approval for its Virtual Asset License. Over 50 million people use Crypto.com, the world’s fastest-growing cryptocurrency network founded in 2016. The goal of the company is to put cryptocurrency in every wallet. Crypto.com is dedicated to accelerating the adoption of cryptocurrencies through innovation and enabling the following generation of builders, creators, and entrepreneurs to create a fairer and more equitable digital ecosyste...