Bitctradezone.com receives regulatory approval in Italy and strives for European expansion.
Cryptocurrency Exchange Bitctradezone.com received regulatory approval and registration from the Organismo Agenti e Mediatori of Italy to work as a provider of virtual currency and digital wallets in the country.
OAM oversees the operations of cryptocurrency companies in Italy.
“This registration allows our exchange to offer a set of products and services for spot trading to Italian clients in accordance with local legislation”, announced a platform representative.
In March, the Italian Ministry of Economy and Finance presented a policy according to which cryptocurrency service providers in the country must register and manage a physical local subsidiary.
The policy also required them to comply with the country’s anti-money laundering regulations.
Bitctradezone.com in a statement announcing the development, he noted that the registration confirmed his commitment to partnering with regulators to comply with standards that protect his users as well as the cryptocurrency industry.
He added that the registration represents an important step forward in our European expansion.