Italian fintech company Conio has formed a partnership with Coinbase to strengthen its presence in the Italian digital asset market, especially for banks and financial institutions.。Conio, which is partially owned by Poste Italiane and Banca Generali, has added Coinbase Prime to its list of liquidity providers.。

According to the statement, the agreement includes a plan to support up to 50 tokens on the Conio app by the end of the year.。In addition, Conio will launch a project to extend the hosting technology to blockchains such as Ethereum, Polygon and Avalanche.。

Conio adapts to European cryptocurrency rules

Conio General Manager Merone said: "Our goal is to be the most reliable partner for banks, financial institutions and companies looking to enter the world of digital assets.。Thanks to this new agreement, Conio can provide a fast and secure access platform。

The move expands Conio's product range through institutional investor exposure to a wider range of digital assets。The company has more than 400,000 customers, including private and financial institutions.。The company explained that the latest integration provides a jump-up service to meet the growing demand for digital assets in Italy.。

The EU's approval of the Crypto Asset Market (MiCA) Regulation marks an important moment for the Italian cryptocurrency sector.。Following the European Parliament's approval of the regulation in April, the legislation establishes a unified framework for Europe's fast-growing cryptocurrency industry.。

MiCA aims to protect European consumers while prioritizing environmental sustainability in the crypto industry。According to its regulations, digital asset exchanges and crypto wallet providers must obtain a license to operate in the region.。

Italy's booming cryptocurrency market

In addition, stablecoin issuers must maintain sufficient reserves to enhance market stability。This new regulation has prompted more cryptocurrency companies to do business in Italy.。Last year, following similar authorizations in Canada and Estonia, cryptocurrency exchange Zonda was also allowed to offer various digital assets in the country.。

Zonda's move into Italy comes as Binance, another well-known player in the cryptocurrency space, has received approval from Italian regulators.。In addition, BitMEX also recently received regulatory approval through Organismo Agenti e Mediatori to register as a virtual currency and digital wallet service provider in Italy.。

According to the directive of the Italian Ministry of Economy and Finance, the registration of BitMEX is in line with the country's policy of requiring cryptocurrency service providers to register, set up physical subsidiaries locally, and comply with anti-money laundering regulations.。