Crypto exchange Coinbase chooses Ireland for its MiCA entity
The post Crypto exchange Coinbase chooses Ireland for its MiCA entity appeared on BitcoinEthereumNews.com. Coinbase, renowned as the world’s most trusted and secure crypto exchange, has decided to establish the headquarters of its EU MiCA entity in Ireland, marking a significant step forward in its international expansion. Let’s take a look at all the details below. Why did crypto exchange Coinbase choose Ireland for its EU MiCA entity? As expected, crypto exchange Coinbase has recently selected Ireland as the location for its EU MiCA entity, marking a significant step forward in the company’s international expansion strategy. This means that when MiCA comes into force at the end of 2024, Coinbase will be able to offer its services in a single regulatory environment across 27 countries and a combined population of 450 million. Coinbase currently holds an e-money institution licence and VASP registration in Ireland, a crypto licence in Germany and numerous national registrations in other key EU member states, including Italy, the Netherlands and Spain. The region shows significant interest in cryptocurrencies, with an average adoption rate of 10 per cent and 11 per cent of Irish adults currently investing in digital assets, according to the European Commission’s Eurobarometer survey. Commenting on the announcement, Daniel Seifert, Vice President and Regional Managing Director EMEA of Coinbase, said: “We are delighted to select Ireland as our MiCA hub. Ireland has a supportive political environment for FinTech companies, as well as a globally respected regulator. Due to our existing operational structure in Ireland, we have access to deep talent pools with significant expertise in both financial services and innovative new technologies. Ireland is a leading jurisdiction in this space, and we look forward to working with regulators in Ireland, Germany and beyond, to bring this industry to its full potential with the advent of MiCA.” Coinbase accelerates EU expansion with “Go Broad, Go Deep” strategy Coinbase is…
The post Crypto exchange Coinbase chooses Ireland for its MiCA entity appeared on BitcoinEthereumNews.com.
Coinbase, renowned as the world’s most trusted and secure crypto exchange, has decided to establish the headquarters of its EU MiCA entity in Ireland, marking a significant step forward in its international expansion. Let’s take a look at all the details below. Why did crypto exchange Coinbase choose Ireland for its EU MiCA entity? As expected, crypto exchange Coinbase has recently selected Ireland as the location for its EU MiCA entity, marking a significant step forward in the company’s international expansion strategy. This means that when MiCA comes into force at the end of 2024, Coinbase will be able to offer its services in a single regulatory environment across 27 countries and a combined population of 450 million. Coinbase currently holds an e-money institution licence and VASP registration in Ireland, a crypto licence in Germany and numerous national registrations in other key EU member states, including Italy, the Netherlands and Spain. The region shows significant interest in cryptocurrencies, with an average adoption rate of 10 per cent and 11 per cent of Irish adults currently investing in digital assets, according to the European Commission’s Eurobarometer survey. Commenting on the announcement, Daniel Seifert, Vice President and Regional Managing Director EMEA of Coinbase, said: “We are delighted to select Ireland as our MiCA hub. Ireland has a supportive political environment for FinTech companies, as well as a globally respected regulator. Due to our existing operational structure in Ireland, we have access to deep talent pools with significant expertise in both financial services and innovative new technologies. Ireland is a leading jurisdiction in this space, and we look forward to working with regulators in Ireland, Germany and beyond, to bring this industry to its full potential with the advent of MiCA.” Coinbase accelerates EU expansion with “Go Broad, Go Deep” strategy Coinbase is…
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