United

Bank AI

<div class="sg-post-des">
 The crypto exchange has applied for a license under the EU’s new Markets in Crypto-Assets with the Central Bank of Ireland and, if successful, will be able to "passport" its services across EU states.
</div>
<div class="cointelegraph">
 <p>The United States-based <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency exchange Coinbase is strengthening its presence in Europe and has officially announced Ireland as its chosen main European <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> hub.</p>
 <p>Coinbase has <a rel="noopener noreferrer nofollow" title="select" href="https://thebittimes.com/tag/select.html">select</a>ed Ireland as its EU entity location of compliance with Europe’s major <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency regulatory framework known as Markets in Crypto-Assets Regulation (MiCA), the firm announced to Cointelegraph on Oct. 19.</p>
 <p>With MiCA, which is expected to be enforced in late 2024, Coinbase can serve one of the largest economies in the world 450 million people, across 27 countries, under one regulatory framework and with one national supervisor, the firm said in the announcement.</p>
 <p>Currently, Coinbase holds an e-money institution license and virtual asset service provider (VASP) registration in Ireland, a <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> license in Germany and a number of national registrations in other member states across the EU.</p>
 <p>“We are delighted to <a rel="noopener noreferrer nofollow" title="select" href="https://thebittimes.com/tag/select.html">select</a> Ireland as our MiCA hub. Ireland has a supportive political environment for FinTech companies, as well as a globally respected regulator,” Coinbase EMEA vice president and regional managing director Daniel Seifert said. He added:</p>
 <blockquote>
  “Ireland is a leading jurisdiction in this space, and we look forward to working with regulators in Ireland, Germany and beyond, to bring this industry to its full potential with the advent of MiCA.”
 </blockquote>
 <p class="post-content__disclaimer">This is a developing story, and further information will be added as it becomes available.</p>
 <template data-name="subscription_form" data-type="defi_newsletter"></template>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/coinbase-selects-ireland-as-its-european-crypto-hub-tbt66947.html">https://thebittimes.com/coinbase-selects-ireland-as-its-european-crypto-hub-tbt66947.html</a></p>

Coinbase selects Ireland as its European crypto hub

TheBitTimes

Other articles published on Oct 19, 2023

Crypto Winter May Be Over, Morgan Stanley Says

OpenAI in Talks to Sell Shares at $86 Billion Valuation

Powell’s Remarks on Crypto After the Latest Macro Data

Two Stocks Set to Capitalize on the Surging Weight Loss Drug Trend

Can Carvana Stock Price (NYSE: CVNA) Take A Rebound From 200 EMA?

Shiba Inu: Abnormal Spike in Large SHIB Transactions Recorded

Join our free newsletter for daily crypto updates!