Cryptocurrency exchange Bitstamp has been approved to operate in Italy, according to an announcement by the Luxemburg-based company on Monday, July 25.
Bitstamp CEO JB Graftieaux confirmed: “This registration in Italy is part of our global plans to offer services across Europe and around the world.
“Italy is among the most important markets in Europe, and we are thrilled to provide its citizens with a safe and secure way to trade cryptocurrencies.”
Since the company’s inception in 2011, it has been operating in Europe and registered in Luxembourg and the Netherlands.
Graftieaux was appointed as the company’s chief compliance officer before becoming global CEO.
Bitstamp registered with the financial regulator Organismo Agenti e Mediatori (OAM) earlier this month alongside several other companies in a bid to expand its European footprint.
Coinbase, Crypto.com and BitGo have all been cleared as registered to operate in the country by the OAM.
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