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Coinbase taps Ireland as European hub ahead of MiCA regime
Oct, 19, 2023
< 1 min read
by Forkast
Coinbase, the largest U.S.-based cryptocurrency exchange, has selected Ireland as its European hub, the firm announced on Wednesday.
See related article: Weekly Market Wrap: Bitcoin falls below US$27,000 following CPI and Israeli conflict
Fast Facts
- Coinbase selected Ireland as its base location in the European Union to comply with the bloc’s Markets in Crypto Assets (MiCA) regulatory framework, set to take effect in Decemeber 2024.
- This will allow Coinbase to serve one of the largest economies in the world under one set of regulations, Coinbase said in a blog post. The EU has a population of 450 million people across 27 countries.
- Under the MiCA, crypto firms and exchanges are required to secure licenses to operate across the bloc while stablecoin issuers are mandated to hold suitable reserves.
- Coinbase currently holds an e-money institution license and a virtual asset service provider (VASP) license in Ireland, as well as a crypto license in Germany and several national registrations in other European states like Italy, Spain and the Netherlands.
- As part of the exchange’s European expansion, Coinbase announced that Germany will become its regional talent hub, on Oct. 16.
See related article: Fake BlackRock ETF news prompts US$57 mln in Bitcoin long liquidations
Read More
Bybit’s CEO Reveals Shocking Details About Crypto Theft and Tracking Challenges
Bybit's CEO shares insights on the untraceable crypto theft. The Lazarus Group is ide...
Apr, 23, 2025
by COINTURK NEWS
Coinbase taps Ireland as European hub ahead of MiCA regime
Oct, 19, 2023
< 1 min read
by Forkast
Coinbase, the largest U.S.-based cryptocurrency exchange, has selected Ireland as its European hub, the firm announced on Wednesday.
See related article: Weekly Market Wrap: Bitcoin falls below US$27,000 following CPI and Israeli conflict
Fast Facts
- Coinbase selected Ireland as its base location in the European Union to comply with the bloc’s Markets in Crypto Assets (MiCA) regulatory framework, set to take effect in Decemeber 2024.
- This will allow Coinbase to serve one of the largest economies in the world under one set of regulations, Coinbase said in a blog post. The EU has a population of 450 million people across 27 countries.
- Under the MiCA, crypto firms and exchanges are required to secure licenses to operate across the bloc while stablecoin issuers are mandated to hold suitable reserves.
- Coinbase currently holds an e-money institution license and a virtual asset service provider (VASP) license in Ireland, as well as a crypto license in Germany and several national registrations in other European states like Italy, Spain and the Netherlands.
- As part of the exchange’s European expansion, Coinbase announced that Germany will become its regional talent hub, on Oct. 16.
See related article: Fake BlackRock ETF news prompts US$57 mln in Bitcoin long liquidations
Read More
Bybit’s CEO Reveals Shocking Details About Crypto Theft and Tracking Challenges
Bybit's CEO shares insights on the untraceable crypto theft. The Lazarus Group is ide...
Apr, 23, 2025
by COINTURK NEWS