Receives Regulatory Approval in Italy; Trade Republic Registers Next

Updated by Ryan James
In Brief
  • announced on July 19 that it has received regulatory approval from the Italian watchdog.
  • The announcement comes a day after Coinbase confirmed that it has also received approval in Italy.
  • Meanwhile, German investment platform Trade Republic has also registered in the country as a cryptocurrency operator.
  • promo

    Bnext Launches Its Utility Token on Read Now announced on July 19 that it has received regulatory approval as a crypto provider from the Italian watchdog Organismo Agenti e Mediatori (OAM).

The announcement comes a day after Coinbase confirmed that it has also received approval in Italy, amid its plans to expand in Europe.

Several operators received a go-ahead in Italy

In the past months, Binance also announced approvals in several European countries.

Kris Marszalek, Co-Founder and CEO of said, “We are excited to receive this registration in Italy and view it as a major step forward for”

“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,” Marszalek added.

Previously, reportedly received a green light from Greece’s Hellenic Capital Market Commission, Singapore’s Monetary Authority, and Dubai’s Virtual Assets Regulatory Authority.

Germany’s Trade Republic registers in Italy

Amid platforms expanding operations in Italy and Europe at large, reports today have revealed that German investment platform Trade Republic is the latest to register in the country as a cryptocurrency operator.

On July 14, OAM had reminded in a circular that July 15 would be the last date to submit applications for registration with the regulator. It had stated in a translated release, “The deadline by which already active cryptocurrency operators, even online , in our country, will have to register in the Register held by the OAM expires tomorrow. The Body reminds this, underlining that anyone who continues to operate without having submitted the relevant application for registration will be considered abusive.”

While the platform started operating in Italy at the end of 2021, it reportedly registered with the authorities last week.

As per Reuters, the German broker is also operating in Spain.

Previously, Trade Republic received a license from Italy’s market regulator Consob, to offer investments in shares, derivatives, and exchange-traded funds. Notably, Italy has also been pushing blockchain startups. 

Earlier this month, the Ministry of Economic Development announced that starting September, blockchain companies will be eligible to apply for a government subsidy program worth $46 million.

What do you think about this subject? Write to us and tell us!


All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.