Bermuda

Cryptocurrency

April

Cryptocurrency exchange Coinbase has received a license to operate in Canada.
According to <a href="https://www.cnbc.com/2024/04/04/coinbase-secures-restricted-dealer-license-in-canada.html" target="_blank" rel="noopener noreferrer nofollow">CNBC</a>, the license allows the crypto platform to increase its presence outside the U.S. as it faces a regulatory crackdown in its home market.
Coinbase has received registration in Ontario as a limited dealer under the Canadian Securities Administrators (CSA), the umbrella organization of Canada’s provincial and territorial securities regulators.
<blockquote class="wp-block-quote">
 “It’s something we’ve been working on for almost three years here in Canada, specifically with the Ontario Securities Commission over the last 12 months.” <cite>Lucas Matheson, Coinbase’s country director for Canada</cite>
</blockquote>
According to Matheson, registration in <a href="https://crypto.news/tag/Canada/" target="_blank" rel="noopener noreferrer nofollow">Canada</a> makes <a href="https://crypto.news/tag/coinbase/" target="_blank" rel="noopener noreferrer nofollow">Coinbase</a> the first international and most significant cryptocurrency exchange registered in Canada, putting the platform in an excellent position to help millions of Canadians access the digital economy.
<blockquote class="wp-block-quote">
 “We have a strong brand here in Canada as a publicly traded company committed to compliance, and registration more broadly in the world.” <cite>Lucas Matheson, Coinbase’s country director for Canada</cite>
</blockquote>
Late last year, Coinbase <a href="https://crypto.news/coinbase-circle-awarded-crypto-licenses-in-france-ahead-of-mica/" target="_blank" rel="noopener noreferrer nofollow">received</a> a license to operate in France. The French stock market regulator (AMF) made the decision to issue a permit to Coinbase. The crypto exchange will now be able to provide virtual asset service provider (VASP) services in France.
In addition, in April 2023, Coinbase received approval from the Bermuda Monetary Authority (BMA) to operate as a regulated entity in the British Island Territory.&nbsp;
You might also like: <a href="https://crypto.news/court-coinbase-wallet-broker/" rel="noopener noreferrer nofollow"> Court rejects SEC claim that Coinbase Wallet is unregistered broker </a>

Coinbase receives dealer license in Canada

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