France recently approved US-based cryptocurrency exchange Coinbase to operate as a virtual asset service provider (VASP) in the country. The company is currently registered with the French financial market regulator, Autorité des Marchés Financiers (AMF). This will help Coinbase expand its services in another major European market. AMF’s VASP approval will enable the company to offer digital currency services in France.
The company announced the approval in a post on social media platform X. Coinbase also updated its blog post to confirm the services it can offer in European countries.
Services offered by Coinbase in France
In a blog post, Coinbase claims that VASP registration allows the company to store digital assets, buy and sell digital assets for fiat currency, trade digital assets against other digital assets, and operate a digital asset trading platform. There is.
What the company has to say
The company cites a study by Toluna that claims that 10% of French adults currently own crypto assets and 24% plan to buy, sell, or trade cryptocurrencies in the next 12 months. Demand for cryptocurrencies in France is growing as nearly 60% of French adults believe the global financial system unfairly favors powerful interests*.
Daniel Seifert, Vice President and Managing Director of EMEA at Coinbase, said:We are focused on bringing the benefits of cryptocurrencies to the world. By achieving VASP status in France, we are helping the world in the best possible way by bringing the next billion people into cryptocurrencies, while ensuring that consumer assets are safe and compliance is a priority. can continue to grow. France has a thriving Web3 ecosystem and we are excited to contribute to it.”
The blog post also says: “France is an important market for Coinbase and this move represents a new chapter in our Go Deep, Go Broad international expansion strategy. We are working across jurisdictions to help modernize financial systems. France is no exception. Coinbase recently demonstrated its commitment to the European market by selecting Ireland as the location for MiCA’s operations. The regulatory clarity it provides is very welcome and shows that the region recognizes the potential that emerging technologies can offer.
France’s reputation as a country that brings innovation and attracts technological advances is well-deserved. France ranks as a global magnet for innovation with its thriving technology and startup ecosystem, supportive government initiatives, world-class educational institutions, advanced technological infrastructure, and vibrant cultural heritage. We have established our position.
The recent adoption of MiCA by European Union policymakers also represents a pivotal moment for cryptocurrencies in the region. The regulatory clarity that MiCA provides the industry is very welcome and shows that the region recognizes the potential that emerging technologies can offer. ”
The company announced the approval in a post on social media platform X. Coinbase also updated its blog post to confirm the services it can offer in European countries.
Services offered by Coinbase in France
In a blog post, Coinbase claims that VASP registration allows the company to store digital assets, buy and sell digital assets for fiat currency, trade digital assets against other digital assets, and operate a digital asset trading platform. There is.
What the company has to say
The company cites a study by Toluna that claims that 10% of French adults currently own crypto assets and 24% plan to buy, sell, or trade cryptocurrencies in the next 12 months. Demand for cryptocurrencies in France is growing as nearly 60% of French adults believe the global financial system unfairly favors powerful interests*.
Daniel Seifert, Vice President and Managing Director of EMEA at Coinbase, said:We are focused on bringing the benefits of cryptocurrencies to the world. By achieving VASP status in France, we are helping the world in the best possible way by bringing the next billion people into cryptocurrencies, while ensuring that consumer assets are safe and compliance is a priority. can continue to grow. France has a thriving Web3 ecosystem and we are excited to contribute to it.”
The blog post also says: “France is an important market for Coinbase and this move represents a new chapter in our Go Deep, Go Broad international expansion strategy. We are working across jurisdictions to help modernize financial systems. France is no exception. Coinbase recently demonstrated its commitment to the European market by selecting Ireland as the location for MiCA’s operations. The regulatory clarity it provides is very welcome and shows that the region recognizes the potential that emerging technologies can offer.
France’s reputation as a country that brings innovation and attracts technological advances is well-deserved. France ranks as a global magnet for innovation with its thriving technology and startup ecosystem, supportive government initiatives, world-class educational institutions, advanced technological infrastructure, and vibrant cultural heritage. We have established our position.
The recent adoption of MiCA by European Union policymakers also represents a pivotal moment for cryptocurrencies in the region. The regulatory clarity that MiCA provides the industry is very welcome and shows that the region recognizes the potential that emerging technologies can offer. ”
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