What exchanges are used to trade Bitcoin in Italy? (Can you buy Bitcoin in Italy?)
What exchanges are used to trade Bitcoin in Italy? Italy is very active in the
What exchanges are used to trade Bitcoin in Italy? Italy is very active in the cryptocurrency market.
According to Cointelegraph, the major digital asset platforms in Italy include international mainstream cryptocurrency exchanges such as Bitstamp and Binance. Italy’s largest cryptocurrency exchange, Binance, and Bitso also support these services.
According to an announcement from the Bank of Italy, companies that carry out Bitcoin-related operations using the Italian banking system must obtain permission from the Financial Intelligence Unit (FIU) to conduct their business.
Can you buy Bitcoin in Italy?
In Italy, Bitcoin has become a new form of currency. However, this does not necessarily mean that it can be used as a medium of exchange or a tool for paying for goods and services.
Nevertheless, according to a recent statement from the cryptocurrency exchange Coincheck: “We do not rule out the possibility that Italian citizens can purchase cryptocurrencies such as BTC and ETH on domestic trading platforms.”
It is worth noting that the document also mentions: “The Italian Banking Association (ABI) issued the ‘Digital Wallet Licensing Agreement’ to the Italian financial regulatory authorities in December 2018.” However, the Bank of Italy expressed concerns and emphasized strict restrictions on virtual assets and related services. “These measures prohibit money laundering activities using cryptocurrencies.” Additionally, according to reports, Michael Arrieta, the CEO of the ICO issuance company Axia8Ventures, believes that if companies want to enter this market, they must consider allocating funds to cryptocurrency service providers to attract new customers.
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