Australian cryptocurrency exchange Clywbit received permission from the Italian regulator Organismo Agenti e Mediatori (OAM) to work in the country.

Australian cryptocurrency exchange Clywbit received permission from the Italian regulator Organismo Agenti e Mediatori (OAM) to work in the country.

According to Clywbit’s management, the exchange seeks to comply with the regulatory requirements of various jurisdictions. The trading platform intends to strengthen its presence in Europe and Asia, so it has submitted several applications for registration and obtaining a license to operate in a number of jurisdictions. Clywbit aims to expand its customer base by offering its products and services to retail and institutional customers wherever possible. Clywbit’s vice president of international development said that OAM approval shows close cooperation with Italian financial regulators and maximum expansion of the exchange in the territory of the country.

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