Coinbase selects Ireland as its European crypto hub
The crypto exchange has applied for a license under the EU’s new Markets in Crypto-Assets with the Central Bank of Ireland and, if successful, will be able to "passport" its services across EU states. The United States-based crypto currency exchange Coinbase is strengthening its presence in Europe and has officially announced Ireland as its chosen main European crypto hub. Coinbase has select ed Ireland as its EU entity location of compliance with Europe’s major crypto currency regulatory framework known as Markets in Crypto-Assets Regulation (MiCA), the firm announced to Cointelegraph on Oct. 19. With MiCA, which is expected to be enforced in late 2024, Coinbase can serve one of the largest economies in the world 450 million people, across 27 countries, under one regulatory framework and with one national supervisor, the firm said in the announcement. Currently, Coinbase holds an e-money institution license and virtual asset service provider (VASP) registration in Ireland,...