Fan token platform Socios.com on Thursday mentioned it has gained regulatory approval in Italy as a service supplier of digital currencies and digital wallets. It will allow the agency to additional increase its fan engagement and rewards platform in the important thing market.
The transfer forward of the UEFA Champions League’s group stage marks a key improvement for the followers and the agency. The Chiliz (CHZ) value continues to leap increased amid key developments by Socios.com. The CHZ value has skyrocketed practically 50% in per week and 120% in a month.
Socios.com Receives Regulatory License in Italy
Fan token platform Socios.com, in an official announcement on August 18, revealed that it has secured regulatory approval from Italy’s monetary regulator Organismo Agenti e Mediatori. The license allows Socios.com to supply digital currencies and digital wallets for its fan engagement and rewards platform in the important thing market.
The regulatory approval will assist Socios.com to additional increase its fan engagement platform and fan tokens within the area. In truth, Socios.com is the official fan engagement and rewards companion for Italy’s nationwide soccer workforce. The registration may also help the launch of the $ITA fan token for the Italy nationwide soccer workforce.
In truth, Italy can also be a key marketplace for the fan token platform because it already has a powerful presence within the nation. Leading soccer golf equipment together with AC Milan, Inter Milan, Napoli, AS Roma, Juventus, and the soccer league Serie A are companions of Socios.com.
Organismo Agenti e Mediatori’s (OAM) license will set up shopper belief, crucial shopper protections, and stakeholder relations within the fan engagement platform and fan tokens.
Alexandre Dreyfus, CEO of Socios.com, believes the approval is crucial for shopper safety and constructing fan engagement within the area.
“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.”
Chiliz (CHZ) Price Soars Amid Latest Developments
Chiliz, the digital foreign money for Socios.com, continues to rise increased amid the newest developments. Socios.com has over 100 partners in football, with over 1.5 million followers from over 160 international locations.
The Chiliz (CHZ) value has skyrocketed practically 50% in per week and 120% in a month. Currently, the value is buying and selling at $0.21, with expectations of rising over $0.40 amid the UEFA Champions League.
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