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After France, Italy’s turn to license Binance

In 2021, Italy prevented Binance from providing services to domestic users and banned Binance from “providing investment services and activities.” Licensed in Italy and in France is concrete proof of Binance’s compliance with local regulations regarding cryptocurrencies.

After France, it was Italy's turn to license Binance to operate - Photo 1.

Changpeng Zhao (CZ), co-founder and CEO of Binance asserts, “Clear and effective regulation is essential for cryptocurrency mainstream adoption. Binance always puts its users first. 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.”

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

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

Lynn Hoang, Director of Binance ASEAN shared, “In the coming time, Binance will continue to promote activities to support training on blockchain technology for the community in the ASEAN region, especially in Vietnam. “.

Up to now, the majority of 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.

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; Academy and Research Center – Data analysis on Blockchain technology 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 dApps works. Currently, the trading activity on the Binance ecosystem is up to 2 billion USD per day.


According to Du Lam

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