The cryptocurrency exchange Bitstamp has recently received the official green light to also offer its service in Italy. This was announced by Jean-Baptiste Graftieaux, the CEO of the Luxembourg-based company.
“Italy is one of the most important markets in Europe and we are excited to provide its citizens with a secure way to trade cryptocurrencies,” Jean-Baptiste Graftieaux said in a statement.
The platform was officially registered on July 22 by the Organismo Agenti e Mediatori (OAM), Italy’s financial regulator, according to the OAM’s website. However, the company has not yet revealed when they will go live in the country. When the service can be used by the residents of Italy remains unknown for the time being.
Exchange has further ambitions
The company has indicated that it has the ambition to expand the region where they offer their services. However, she did not yet say which region this will be. They indicated that registration in Italy is part of their plan. They want to expand both in Europe and around the world.
“We believe the crypto market will continue to grow and mature as cryptocurrencies become more mainstream, and we will continue to work with regulators around the world to support the growth of the market and protect investors,” said CEO Graftieaux in a statement. statement on July 26.
Italy approves many crypto service providers
Italian regulators have been very busy lately. For example, in a short time they have already given a number of different cryptocurrency service providers the green light to be allowed to offer services in the country.
For example, Binance and Crypto.com preceded Bitstamp. This could possibly be related to the report that Italy has made money available for the development of certain blockchain projects. Italy may want to embrace crypto and blockchain more in a short space of time.
