• July 19, 2024

Coinbase Obtains VASP Approval in France, Expands Global Services!

Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Coinbase has secured approval from France’s markets regulator, becoming a registered Virtual Asset Service Provider (VASP). This allows Coinbase to offer services such as digital asset custody, buying and selling in legal tender, and trading against other digital assets. The move comes as Coinbase looks to expand outside of the US, with its international arm recently allowing non-US institutions to use its cryptocurrency exchange for spot trading. However, in the US, Coinbase is embroiled in a dispute with the Securities and Exchange Commission over allegations it operated as an unregistered exchange. CEO Brian Armstrong has called for clear rules to prevent innovation from being stifled and potentially pushed offshore.

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