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Indian Crypto Investment Platform Mudrex Expands to Italy

Indian cryptocurrency investment platform Mudrex has successfully registered to operate in Italy, CEO and co-founder Edul Patel told CoinDesk in an interview Friday. The international move by Bengaluru-based Mudrex is rare for Indian entities that have mostly struggled due to harsh taxes and a global crypto winter. Even rarer is its "bullish plan" for global expansion, revealed in this detail for the first time. "Half our team is working on international expansion," said Patel. Mudrex has also started the approval process to operate in the U.K., he said. Mudrex was approved for registration with Italy's Organismo Agenti e Mediatori (OAM), a mandatory step for crypto firms, on Sep. 1, 2023.

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