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Cryptocurrency Exchange Crypto.com Expands to Italy

It's the latest expansion step after approvals in Greece, Singapore and Dubai.

Updated May 11, 2023, 5:34 p.m. Published Jul 19, 2022, 11:00 a.m. 1 min read

Crypto.com has won regulatory approval from Italy’s Organismo Agenti e Mediatori (OAM), allowing the exchange to distribute its products and services to customers in that country.

It’s the latest expansion step for Crypto.com, recently won approval to operate in Greece, in June obtained a license in Singapore, and in March opened an office in Dubai.

“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 in a press release Tuesday.

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The Bank for International Settlements in Basel, Switzerland (Fred Romero/Flickr)

Project Agorá, backed by major central banks, will now move toward "real-value" testing to settle tokenized central bank money and bank deposits on blockchain rails.

知っておくべきこと:

  • Project Agorá, backed by the Bank for International Settlements, found that tokenizing central bank reserves and commercial bank deposits could significantly improve the speed and reliability of payments across borders.
  • With major central banks like the New York Fed, Bank of England and Bank of Japan involved, members now plan...