Binance Gains Regulatory Approval in Italy

Registration of Binance Italy allows exchange to offer crypto products to country’s customers, expand local team

share

key takeaways

  • Regulation is “essential” for mainstream crypto adoption, Binance CEO says
  • The exchange registered as a digital asset service provider in France earlier this month

The world’s largest crypto exchange has gained regulatory approval in Italy as it continues its expansion to new regions. 

Binance Italy has registered as a cryptocurrency service provider with the Organismo Agenti e Mediatori (OAM) — a requirement under the country’s legislation. The approval allows the company to offer crypto products to customers in Italy, as well as open offices and expand its team in the country. 

“Clear and effective regulation is essential for mainstream adoption of cryptocurrencies,” Binance CEO Changpeng Zhao said in a statement. “Binance has always put its users first and, with actions such as the implementation of the register, they can be confident that our platform is among the safest and most trustworthy in the world.”

A Binance spokesperson did not immediately return a request for comment about specific products it could look to offer in Italy or other regions in which it is seeking regulatory approval. 

The news follows Binance’s registration earlier this month as a digital asset service provider in France by the Autorité des marchés financiers (AMF). 

Binance France CEO David Princay called the registration “a key milestone for crypto in Europe,” noting that the new levels of protection for anti-money laundering will help grow crypto adoption and liquidity across the continent. 

The crypto exchange also gained a virtual asset license from Dubai’s regulator in March, allowing it to offer limited exchange products and services to pre-qualified investors and professional financial service providers. 

Binance has previously ended up at odds with regulators over its alleged failure to apply or register for financial services licenses. Zhao said in a July 2021 blog post that compliance is a journey.

In addition to the company’s recent regulatory approvals, Binance’s focus on compliance has percolated to its hiring and partnerships. Binance.US hired Josh Wilsusen as its first chief policy officer this week and also recently added former Uber Technologies executive Krishna Juvvadi as its head of legal. 

Binance also partnered with data analytics firm Kharon and cloud-native screening provider Neterium this week to better detect illegal crypto activity on its platform.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter.

Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (2).png

Research

This reports analyzes the competitive dynamics of the Solana DEX landscape, identifying sustainable moats per protocol. We also find that Raydium (RAY), Orca (ORCA), and Lifinity (LFNTY) are valued very similarly on a P/S basis and what this could mean for Meteroa's (MET) valuation, which is still pre-TGE.

article-image

Bybit analysts think that the entrance for such a large institutional crowd has changed the way capital flows in crypto

article-image

OpenSea finally confirms its token is coming and available to US residents days after screenshots swirled on Twitter

article-image

Timing the market is hard, and for some assets it’s even harder

article-image

Solana LSTs mostly saw their yields go up across the board today

article-image

Senators yesterday grilled Powell on everything from the dismantling of the CFPB to Trump’s tariff policies

article-image

The first month of the year historically brings bigger price increases