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It was December 2021 when the Consob stood between Binance and investors with a release aimed at putting a stop to the largest platform for trading, staking and multiple other activities related to cryptocurrencies. Quell’asset from 668 billion dollars moved monthly, for the Consob did not meet the criteria of transparency required by our country: “Consob warns savers that the companies of the” Binance Group “are not authorized to provide investment services and activities in Italy, not even through the website www.binance.com whose sections called” derivatives “and” Stock Token “, relating instruments related to crypto-assets, were previously also written in Italian “.
THE STEP – Binance, from the height of its strength and the will to broaden its horizons, did not wink at the decision, but moved legally to deal with this official note. What is in effect a “bag” of cryptocurrencies, with numbers unapproachable by the other brands in the sector, has in fact joined since yesterday, May 27, 2022, dell’OAM, the Agents and Mediators Body. The platform, which will now have more stringent obligations in terms of communication, will be forced to inform, at the same time as any changes, on the types of activities carried out as a service provider relating to the use of virtual currency and / or as a service provider. digital wallet, the type of service provided, the methods of carrying out the service, with the indication of the number and address of the physical points of operation, including any ATMs (Atm), and / or online operations with the indication of the web address through which the service is performed. This information must be made available to the MEF and of Italian tax authorities.
TRANSPARENCY – In Italy the trading volume of cryptocurrencies is worth something like 50 billion a year for Binance, not just figures. Figures that could not be thrown out the window. The transparency agreement was in fact commented with good-natured words by CZco-founder and CEO of the company, recently visiting the capital ea Formello complete with SS shirt Lazio: “I thank the MEF and the OAM for their efforts to define the necessary requirements so that Binance can operate transparently in Italy. A behavior that is fundamental for our company, having always put our users first. Ours platform is one of the safest and most reliable in the world “.
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