Italy is a key market for Socios.com and current partners include AC Milan, Inter, AS Roma, Juventus, Napoli and Serie A.
Milan: The leading sports blockchain provider, Socios.com announced it has secured regulatory approval as a service provider of virtual currencies and digital wallets for its fan engagement and rewards platform in Italy.
The registration will support further growth and expansion of the Socios.com platform in the region, providing regulatory approval for technology that underpins Socios.com’s blockchain-based sports entertainment offer.
Serie A and many top clubs such as AC Milan and Juventus are Socios partners
Italy is a key market for Socios.com in which the company has already built a strong presence, with partners including leading football clubs AC Milan, Inter Milan, Napoli, AS Roma, Juventus and Serie A. The registration will cement consumer trust in the new, fast-paced and growing market of blockchain-based fan engagement, also bringing in critical protections which enhances the Socios platform for its community and wider set of stakeholders.
OAM oversees crypto assets in Italy
It follows Socios.com meeting the necessary requirements from Organismo Agenti e Mediatori (OAM), which is the regulatory body that oversees crypto assets, financial agents and credit brokers in Italy.
Alexandre Dreyfus, CEO of Socios.com, said: “Approval from the OAM is a crucial part of our efforts to protect consumers and continue building our offer in the region. 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.”
The Socios platform is designed to allow sports clubs to reward fans for engaging and supporting their team. Socios.com’s Fan Tokens provide holders around the world with an array of rewards; new opportunities for engagement through polls; enhanced access to the club they support and its players; and a community where they can build networks with other fans.
This announcement comes as Socios.com continues on its mission to build a global network of fans and teams, with over 1.5 million fans from over 160 countries currently using the platform to connect with and be rewarded by some of the biggest sports in the world.
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