The blockchain-based sports app, Socios.com has secured Italy’s regulatory approval as a service provider of virtual currencies and digital wallets for its fan engagement and rewards platform in the country.
The registration will support further growth and expansion of the Socios.com platform in the region. Socios.com had to meet the requirements of Organismo Agenti e Mediatori (OAM), the regulatory body overseeing crypto assets in Italy.
“Approval from the OAM is a crucial part of our efforts to protect consumers and continue building our offer in the region,” said Alexandre Dreyfus, CEO of Socios.com.
“Italy is a very important market for us in which we already have a strong presence. We are committed to building lasting growth in the region and will continue working with regulators to guarantee legitimacy and trust for our Italian customers.” said the CEO.
The platform has already built a strong presence in Italy by partnering with several leading football clubs such as AC Milan, Inter Milan, Napoli, AS Roma, Juventus and Serie A.
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