Is Binance authorised in Italy?

LONDON, July 15 (Reuters) - Major cryptocurrency exchange Binance is not authorised to carry out activities in Italy, the country's market watchdog said on Thursday, joining a string of global regulatory moves against the platform.

What is Binance Defi?

Binance DEFI is a world of fluffy pancakes and lots of sweet syrup it seems. The (DEFI) decentralized Finance space is the fire of the crypto innovation. Much like the hype of ICOs of a few years ago. Though this time with actual teeth and real-world use behind it. Firstly let us decern the Binance ecosystem which we wish to focus on here.

Which countries does Binance support?

At press time, Binance does not have an official list of supported countries. The exchange continues to operate in several countries in the Americas, Europe, Asia, and others. However, due to strict financial regulations globally, Binance has restricted its product offerings to customers in certain countries.

Could Binance Italy be more accountable for money laundering?

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. Binance said it could now open offices in Italy and expand the local team.