Crypto.com has been making efforts to expand its business on an international scale.
As the crypto industry continues to grow, Crypto.com will also expand based on the market demand to compete against its competitors. Italy has a fairly large crypto community as more and more people show interest in digital currencies, NFTs, and blockchain technology.
Other than crypto.com, Coinbase has also received a regulatory nod from Italy, showing that the country is more than ready to enter the Web3 space.
All the approved crypto companies are required to follow the local regulations and pay taxes on time.