Forex News

Crypto firm Blockchain.com registers with Italian regulator

2022.08.04 17:54

Crypto firm Blockchain.com registers with Italian regulator
FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) – London-based crypto firm Blockchain.com said on Thursday it had registered as a virtual asset service provider in Italy, the latest in a string of digital asset firms to do so.

Italy created a special registry with its brokerage regulator in February to list crypto operators with a stable presence in the country, provided they meet certain requirements.

Blockchain.com said in a statement it could now offer crypto and digital wallet services to Italian residents and institutional investors under the regulator, known as the OAM.

Major exchanges Binance and U.S.-based Coinbase (NASDAQ:COIN) Global Inc, as well as Singapore-based Crypto.com and German investment platform Trade Republic, are among those to have already secured registration with the OAM.

Regulators across the world are working out how to bring to heel the crypto sector, which is subject to patchy rules. Consumer protection, financial stability threats and illicit usage of digital coins are issues on the agenda.

Crypto platforms are looking to bolster their bases in Europe before groundbreaking crypto rules agreed last month by the European Union come into force.

Under the rules, expected to go live after 2024, crypto firms will need a licence and customer safeguards to issue and sell digital tokens in the bloc.

“This registration strengthens our position to offer services across Europe,” Blockchain.com said.

OAM oversees financial agents and credit brokers in Italy. It says it can collect and share with anti-mafia and anti-terrorism investigators in Italy data provided by crypto firms on their clients and operations.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 103,042.61 1.72%
ethereum
Ethereum (ETH) $ 2,321.27 11.69%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.35 4.42%
bnb
BNB (BNB) $ 635.94 2.79%
solana
Solana (SOL) $ 171.48 7.07%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.204338 7.34%
cardano
Cardano (ADA) $ 0.780239 5.87%
tron
TRON (TRX) $ 0.261665 2.74%
staked-ether
Lido Staked Ether (STETH) $ 2,320.11 11.74%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 103,033.61 1.68%
sui
Sui (SUI) $ 3.90 0.27%
chainlink
Chainlink (LINK) $ 15.95 3.68%
avalanche-2
Avalanche (AVAX) $ 23.09 8.55%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,792.20 12.00%
stellar
Stellar (XLM) $ 0.294897 4.04%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 7.23%
hedera-hashgraph
Hedera (HBAR) $ 0.200578 5.10%
hyperliquid
Hyperliquid (HYPE) $ 24.99 13.91%
the-open-network
Toncoin (TON) $ 3.27 2.91%
bitcoin-cash
Bitcoin Cash (BCH) $ 408.58 2.11%
leo-token
LEO Token (LEO) $ 8.75 0.74%
usds
USDS (USDS) $ 1.00 0.01%
litecoin
Litecoin (LTC) $ 98.99 6.84%
polkadot
Polkadot (DOT) $ 4.76 10.30%
weth
WETH (WETH) $ 2,316.51 11.42%
monero
Monero (XMR) $ 310.70 6.54%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,471.09 11.76%
bitget-token
Bitget Token (BGB) $ 4.48 0.84%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.05%
pepe
Pepe (PEPE) $ 0.000012 17.29%
pi-network
Pi Network (PI) $ 0.719884 12.91%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.01%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 103,003.60 1.67%
whitebit
WhiteBIT Coin (WBT) $ 30.33 1.00%
uniswap
Uniswap (UNI) $ 6.29 13.48%
bittensor
Bittensor (TAO) $ 427.06 2.76%
near
NEAR Protocol (NEAR) $ 2.88 10.35%
dai
Dai (DAI) $ 1.00 0.00%
aptos
Aptos (APT) $ 5.50 4.23%
okb
OKB (OKB) $ 53.71 2.05%
ondo-finance
Ondo (ONDO) $ 1.01 6.50%
aave
Aave (AAVE) $ 209.14 6.89%
susds
sUSDS (SUSDS) $ 1.05 0.00%
crypto-com-chain
Cronos (CRO) $ 0.101536 5.01%
ethereum-classic
Ethereum Classic (ETC) $ 19.03 6.47%
official-trump
Official Trump (TRUMP) $ 14.41 16.49%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
internet-computer
Internet Computer (ICP) $ 5.38 6.79%