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Jul 18, 2022
by Usha Yadav
Coinbase Secures Crypto Asset Service Provider Approval In Italy
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As the exchange grows, Coinbase has received a license to provide crypto asset services in Italy. The publicly traded cryptocurrency exchange now satisfies the updated standards set by the Italian regulatory body Organismo Agenti e Mediatori, according to a blog post published on Monday. It asserts to be one of the first businesses to achieve these standards. International and Business Development VP Nana Murugesan said,
"Gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators,"
He also added,
"As we continue to grow across Europe and other regions, maintaining our solid regulatory relationships will ensure that we will continue to bring to market the products that our customers want through the most trusted and secure platform in the crypto economy."
Coinbase Conducts Business In Ireland
The US-based cryptocurrency exchange unveiled efforts earlier this month to increase its footprint in the United Kingdom and continental Europe. Some of these are meeting politicians in the UK, establishing a regional center in Ireland, and extending its reach throughout the area. With the use of an e-money license, which is a legal instrument that permits fintech companies to offer payment services, Coinbase conducts business in Ireland and the UK.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.