NEW: Crypto exchanges Nexo and Gemini have been added to a registry of crypto service providers in Italy – a requirement for operating in the European country. iamsandali reports
, the company said in a statement to the press. With the OAM registration, Nexo plans on offering Italian customers"transfers, issuance and exchange of virtual currencies, and digital wallet services."
The registration also offers Nexo"greater flexibility and robustness in its compliance across the European market," the statement said. The European Union this year finalized the legal text for its bloc-wide crypto regulatory framework which will set up a passportable licensing system for companies looking to serve its 27 member states. The framework, called Markets in Crypto Assets , is set to come into effect in 2024.
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