Organismo Agenti e Mediatori released the crypto service provider license to the CryptoCom exchange.
CryptoCom is a popular crypto wallet & trade platform. Due to secured crypto services, the exchange is standing at 18th rank. This company is based in Singapore. As of 2022, the company has 50 million customers and 4,000 employees. Crypto exchange also operates its own blockchain Network Cronos, on which CRO is a native coin.
On 19 July, CryptoCom secured a crypto services provider license from Italian money laundering watchdog Organismo Agenti e Mediatori (OAM).
This regulatory approval will allow the CryptoCom exchange to provide products & services officially to the Italian crypto investors.
Kris Marszalek, the CEO of Crypto.com, said:
“We are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.”
Kris said that CryptoCom aimed to provide highly quality-based services in cooperation with the regulatory bodies.
Recently exchange secured licenses to operate services in Greece, Singapore in June, and opened an office in Dubai in March.
Italy is the third biggest market in Europe, so it is going to be a very important success for this exchange. In recent days, Binance & Coinbase exchange received regulatory approval in Italy.
In May 2022, FIFA officially announced that CryptoCom will sponsor the Fifa world cup 2022, which will be organized in Qatar from November to December of this year. Probably, CryptoCom will grab better users through this promotional strategy. It is expected that 3 billion people will watch the FIFA World Cup 2022.
The CRO is the native token of Cronos blockchain, which is a project of CryptoCom exchange. The current price of CRO token is $0.138 and this price is 21% high over the last 30 days’ trade price.
Read also: US & UK agencies will collaborate to regulate the crypto industry
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