Coinbase Obtained Crypto License in Europe: VASP Approval and Expansion Plans

The post Coinbase Obtained Crypto License in Europe: VASP Approval and Expansion Plans appeared first on Coinpedia Fintech News

• Coinbase obtains Virtual Asset Service Provider (VASP) authorization from France’s financial regulator, the AMF, enabling it to operate in the country. 
• Emmanuel Macron French President is working to establish France as a major hub for cutting-edge technologies such as AI and crypto, with substantial funding and backing.
• Despite regulatory scrutiny in the US, Coinbase’s expansion into Europe is a strategic big move.

Cryptocurrency exchange Coinbase has secured a major regulatory win in Europe, as it has received approval from the French markets regulator, the Autorité des marchés financiers (AMF). The AMF’s virtual asset service provider (VASP) registration allows Coinbase to offer a range of digital currency services in France.

Custody of Digital Assets

This approval from French regulators enables users to securely store their digital assets with Coinbase, providing them with a secure and convenient way to manage their cryptocurrency holdings. Coinbase allows users to buy and sell digital assets using traditional fiat currencies such as euros or dollars. This service provides users with a simple way to enter and exit the cryptocurrency market.