Crypto service providers Nexo and Gemini have been approved for registration with an Italian regulator, allowing the platforms to serve customers in the country.
It is mandatory for crypto firms to be approved for registration via a local legal entity with the Organismo Agenti e Mediatori (OAM), which maintains lists of financial agents operating in the country. Registration with OAM means the two platforms will be subject to the country's anti-money laundering requirements.
(by Sandali Handagama)
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