Nexo and Gemini, two cryptocurrency exchanges, have been approved for registration with an Italian regulator, allowing them to serve customers in the country. Crypto firms must be approved for registration through a local legal entity with the Organismo Agenti e Mediatori (OAM), which keeps a list of financial agents operating in the country. After registering with OAM, the two platforms will be subject to the country’s anti-money laundering regulations. Gemini now operates in 65 countries and was recently registered with Greece’s Hellenic Capital Markets Commission as a custodial wallet provider and provider of exchange services between virtual and fiat currencies. Nexo already has more than 50 licences worldwide, according to a press release.
