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Sunday, April 21, 2024

Coinbase is granted permission to operate as a provider of virtual asset services in France.


<p>The American cryptocurrency exchange Coinbase has been granted permission to function as a virtual asset service provider (VASP) in France. As a result, Coinbase is now officially registered with the French financial markets regulator, Autorité des marchés financiers (AMF). Although Binance has gained recognition outside of the United States, Coinbase seems to be on the same path as it comes under more scrutiny from the US Securities and Exchange Commission (SEC).</p>
<p><img decoding=”async” class=”alignnone wp-image-321591″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-coinbase-is-granted-permission-to-operate-as-a-provider-of-virtual-asset-services-.jpg” alt=”theindiaprint.com coinbase is granted permission to operate as a provider of virtual asset services” width=”919″ height=”480″ title=”Coinbase is granted permission to operate as a provider of virtual asset services in France. 3″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-coinbase-is-granted-permission-to-operate-as-a-provider-of-virtual-asset-services-.jpg 310w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-coinbase-is-granted-permission-to-operate-as-a-provider-of-virtual-asset-services–150×78.jpg 150w” sizes=”(max-width: 919px) 100vw, 919px” /></p>
<p>Coinbase, the third-biggest cryptocurrency company in the world based on trading volume, is now able to provide retail, institutional, and ecosystem product service choices in France.</p>
<p>According to a blog post by the exchange, this new registration also allows Coinbase to expand its custody service for digital assets and make buying and selling transactions easier.</p>
<p>Our goal is to spread awareness of the advantages of cryptocurrency worldwide. Obtaining VASP accreditation in France enables us to expand worldwide in the most efficient manner, bringing the next 1 billion people into the cryptocurrency space while guaranteeing the safety of customer funds and placing a high priority on compliance. According to Daniel Seifert, Vice President and Regional Managing Director, of EMEA at Coinbase, “France has a thriving Web3 ecosystem.”</p>
<p>The Sandbox, a metaverse firm, is reportedly doubling down on initiatives related to India.<br />
France encouraged cryptocurrency players who wanted to establish their firms outside of the US earlier in May of this year. This invitation was sent out at a time when the European Union (EU) had recently approved MiCA, a comprehensive set of rules designed to standardize the regulation of the digital assets industry across all EU regions, in its final form.</p>
<p>Coinbase has specifically said that its company has grown significantly in the EU as a result of the certainty that the MiCA legislation provides to the crypto industry.</p>


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