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Fan token platform Socios.com on Thursday stated 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 growth for the followers and the agency. The Chiliz (CHZ) worth continues to leap increased amid key developments by Socios.com. The CHZ worth has skyrocketed almost 50% in every 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 offer 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 reality, Socios.com is the official fan engagement and rewards companion for Italy’s nationwide soccer workforce. The registration may even help the launch of the $ITA fan token for the Italy nationwide soccer workforce.

In reality, Italy can 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 client belief, vital client protections, and stakeholder relations within the fan engagement platform and fan tokens.

Alexandre Dreyfus, CEO of Socios.com, believes the approval is vital for client 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 forex 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 nations.

The Chiliz (CHZ) worth has skyrocketed almost 50% in every 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.

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his information about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency business for a considerable interval and is presently protecting all the newest updates and developments within the crypto business.

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