Milan, 5th October 2021Lexia Avvocati has assisted Cryptosmart in the establishment and start-up of its fintech platform, offering cryptocurrency trading and digital wallet services.

Cryptosmart is the first fully Italian cryptocurrency exchange (shareholders, company headquarters, legislature, and deposit account with an Italian bank) that intends to become one of the main players in the sector. In addition to allowing its users to buy, sell and deposit cryptocurrencies, the company is launching services allowing e-commerce platforms to accept payments in cryptocurrencies, as well as a cryptocurrency payment service for the purchase of major brands products and services, cryptocurrency staking and further services dedicated to Italian companies wishing to use cryptocurrencies in their operations.

Cryptosmart was assisted by Francesco Dagnino, Managing Partner of Lexia Avvocati, Milan office, and Angelo Messore, Partner in charge of the firm’s Financial Services department, together with senior associate Aurora Agostini and associates Filippo Belfatto, Carlo Giuliano and Carlotta Mastria.

Alessandro Ronchi, co-founder of Cryptosmart, stated: “Unlike other players in the sector, our project is 100% Italian and aims to operate with transparency and in compliance with regulations, being capable of responding accurately and simply to the questions of all those people attracted to cryptocurrencies as a possible investment or payment method to be used in everyday life”.

Francesco Dagnino commented: “We are pleased to have assisted Cryptosmart in this highly innovative project, which is part of the many assistance activities provided by the firm in the Fintech and crypto-assets field.”

Angelo Messore added: “The assistance provided to Cryptosmart further consolidates Lexia’s leadership position in assisting players in the sector. In a regulatory environment that is still being defined, we are increasingly finding the need to adopt legal solutions that comply with the regulatory framework, also in an evolutionary way, given the forthcoming approval of the new European regulation on crypto-assets.”