The move made the London-based full-stack crypto services platform one of the latest crypto firms to have received such a registration.

The latest approval enables its legal entity to operate in Italy issued by the Italian financial authority Organismo Agenti e Mediatori (OAM). Blockchain.com said the registration it obtained would make it accountable and minimize the prospects for money laundering.

In a statement, the firm said it can now offer its crypto and digital wallet services to Italian users and institutional investors under the financial watchdog.

"This registration strengthens our position to offer services across Europe," Blockchain.com said.