Coinbase Apply MiCA License in Ireland to Expand Service to All EU Countries

Coinbase Apply MiCA License in Ireland to Expand Service to All EU Countries
Source: CryptoPotato

Reported by CNBC, Coinbase has chosen Ireland as its main operational and regulatory hub in the European Union.

Coinbase submitted its application for a license under the EU’s new Markets in Crypto-Assets (MiCA) regulation, which is set to come into force by December 2024, with the Central Bank of Ireland. If and when it is approved, Coinbase will have a universal “MiCA license” in Ireland, which it can then use to “passport” its services into Germany, France, Italy, the Netherlands and other EU countries.

That makes it easier for Coinbase to launch new products in those markets without having to apply for individual licenses in each country. Coinbase says it’s confident it will be able to win this license.

Related: European Union's Crypto Asset Markets Law (MiCA) Officially Published

Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!

Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!

If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com

Source

Coinbase

Policy and Regulation

Related News
Japan to Allow VC Firms to Directly Invest in Startups that Only Issue Crypto Asset Japan to Allow VC Firms to Directly Invest in Startups that Only Issue Crypto Asset
U.S. Court Allows Genesis to Liquidate $1.3B Worth of GBTC Shares U.S. Court Allows Genesis to Liquidate $1.3B Worth of GBTC Shares
Hong Kong's VSFG Plans to Apply for Spot Bitcoin ETF Hong Kong's VSFG Plans to Apply for Spot Bitcoin ETF
Honduras Special Economic Zone Recognized Bitcoin as Unit of Account Honduras Special Economic Zone Recognized Bitcoin as Unit of Account
Hong Kong Releases Consultation Paper to Regulate Stablecoins Hong Kong Releases Consultation Paper to Regulate Stablecoins
Latest News More More
2 Hours Ago Starknet Token Dumped by Nethermind and Airdrop Farmers
7 Hours Ago Wormhole to Use AMD's Chip to Facilicate Cross-chain Messaging
8 Hours Ago S&P Global Predicts $ETH ETF Approval in May, Raises Concern over Staking Concentration Risk
1 Day Ago Stellar Launched Smart Contracts Platform
1 Day Ago Crypto Community Expresses Concern Over Ethena's 27% USDe Yield
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open