Bitpanda registers as a Virtual Asset Services Provider with the OAM in Italy

Leading European digital investment platform Bitpanda reaffirms its commitment as an operator known for its focus on regulatory compliance and announces its registration with the Italian Virtual Asset Services Provider (VASP) register, held by the Organismo Agenti e Mediatori (OAM) and introduced by decree of the Italian Ministry of Economy and Finance on February 17, 2022.

Launched in Italy in March 2021 under the leadership of Country Manager Orlando Merone, fintech unicorn Bitpanda is on a mission to empower people to build financial freedom for their future. Its digital investment platform offers both experienced and beginner investors alike the possibility to invest in more than 2,000 digital assets, including cryptocurrencies, Stocks*, ETFs* and other assets, depending on their budget and risk appetite, 24/7. Its Crypto Indices can be understood as an easy, automated way to invest in the broader crypto market. Bitpanda’s unique White Label solution enables both established and innovative players to accelerate their digital transformation by offering their customers access to digital assets.

Since its founding, regulatory compliance has been a key priority for the Bitpanda Group which started as a crypto-trading platform in 2014 with Eric Demuth, Paul Klanschek and Christian Trummer as co-founders.

ORLANDO MERONE, Bitpanda's Country Manager Italy:

“Clear rules and greater transparency are absolutely necessary elements for the cryptocurrency sector and, more generally, digital assets, to take a further qualitative leap forward, to be better and better integrated into the broader financial sector. Bitpanda's history demonstrates our approach of absolute compliance and support for all initiatives in this area. Registration with the OAM in Italy is a natural step for us, in line with our broader strategic approach. We are in constant dialogues with Italian banks and financial institutions, and already have signed a partnership with Fabrick to become the #1 digital platform provider in Italy and beyond. Compliance with rules and transparency are two fundamental elements to do so.”

Safe, secure and regulated

The Bitpanda Group is registered with the Austrian Financial Market Authority (FMA), the French Autorité Des Marchés Financiers (AMF), and with the Swedish Finansinspektionen (SFSA) and the Czech Trade Authority as VASPs. It holds the PSD2 licence as well as the MiFID II licence, and has a fully AML5 compliant KYC process. Bitpanda has grown into one of Europe’s biggest investment platforms that gives people the freedom and flexibility to invest in a wide range of digital assets, 24/7, depending on their budget and risk appetite. With its licensed subsidiaries working together in major financial hubs, Bitpanda is well positioned to provide cutting edge fintech services for its more than 3M users in Europe. 

Disclaimer

The information shared in this article does not constitute investment advice. Investing carries risks. Make sure to conduct your own research before concluding a transaction. *Bitpanda Stocks are contracts replicating an underlying asset (a stock or ETF) and are brought to you by Bitpanda Financial Services GmbH. More information about the product and the prospectus are available at bitpanda.com.