Binance registers with Italy's regulator amid plans to expand in Europe


FILE PHOTO: Binance app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic

(Reuters) - Binance said on Friday its legal entity in Italy had registered with the regulator in the country, as the major cryptocurrency exchange seeks to gain traction in Europe.

The registration of Binance Italy, which was established in recent months, could potentially make the company more accountable and reduce the prospects for money laundering.

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