Turin-based Young Platform, a cryptocurrency exchange company, announced on Wednesday, January 4, that it has secured the license as a digital asset service provider to operate in France from the French Financial Markets Authority (Autorité des Marchés Financier).

The Autorité des Marchés Financiers (AMF) is an independent organisation that is crucial to defending investors and fostering stability and transparency in the French financial markets. And Young Platform’s registration by the AMF verifies the validity of a user protection model.

The development comes just six months after the Italian company raised €16M in funding led by Azimut to spread awareness of cryptocurrencies throughout Europe.

Young Platform was founded in 2018 ,the company’s goal is to make it easier for its users to access the world of cryptocurrencies. To do that, it offers a variety of digital products and services that cater to their various demands depending on their degree of expertise, from beginner to expert.