Italy approves Binance’s license to operate in this country

Binance is licensed to operate in Italy.

Italy has just approved a license for the Binance ecosystem to operate in this country. With the newly issued license, Binance will be able to offer products electronic money and opened an office in Italy.

In 2021, Italy prevented Binance from providing services to domestic users and banned Binance from “providing investment services and activities.”

Licensing at Italy and in France are concrete evidence of Binance’s compliance with local crypto regulations.

The new license in Italy is considered an important milestone in the growth strategy of this country Binance. This allows Binance to strengthen its presence in Italy by opening offices and expanding its local team.

Previously, Binance was also licensed to operate in Abu Dhadi, Bahrain and Dubai.

Changpeng Zhao (CZ), co-founder and CEO of Binance said that “Clear and effective regulation is essential for cryptocurrency mainstream adoption. Binance always puts its users first. and with actions like implementing a registry… Users can be confident that Binance’s platform is one of the most secure and trusted in the world.”

Binance currently has a Blockchain ecosystem including: Cryptocurrency and Asset Exchange; Binance Labs Investment and Startup Incubator specializes in supporting and investing in potential Blockchain projects; Launchpad tool makes it easy for startups to raise capital; Blockchain technology research and analysis institutes and centers including Binance Academy, Binance Info, Binance Research; Binance Charity provides a technology platform for philanthropic activities of organizations and Governments; Trust Wallet for Decentralized Applications Apps works.

Currently, the trading activity on the Binance ecosystem is up to 2 billion USD per day.

“In the coming time, Binance will continue to promote training activities on blockchain technology for the community in the ASEAN region, especially in Vietnam,” said Ms. Lynn Hoang, Head of Binance ASEAN. know.

Up to now, most of the products in the Binance ecosystem have been localized to suit the culture and language of each country, directly supporting projects and Startups in over 37 countries, providing provide the technology foundation for hundreds of other Blockchain projects.

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