“Fáilte go hÉirinn!” – The authorities of Dublin clearly welcome – in Gaelic – to the platforms crypto. After Gemini last Julymake way today for the giant Coinbase who therefore puts down his suitcases on the Emerald Isle. The Central Bank of Ireland just registered Brian Armstrong’s exchange as a VASP, i.e. a virtual asset service provider. With a new national director and two regulated entities, Coinbase continues its European conquest.
Coinbase has a new director for Ireland
recording as VASP guarantees to the Central Bank of Ireland that the companies concerned will comply with certain standards anti-money laundering and counter-terrorism. As it happens, Coinbase recorded two entities distinct:
- Coinbase Europe Limited ;
- Coinbase Custody International Limited.
The first provides services of trading to European customers, while the second offers services of keep to institutional clients.
The announcement specifies that all operations in the country will be supervised by a newcomer to the company. However, he is not new to the sector, having worked for Crypto.com, Deloitte and Citigroup. Cormac Dinan will take care of the management current business, but also strategy of the company for the coming years.
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Dublin and Europe at the Forefront of International Cryptocurrency Regulation
Nana MurugesanVice President of International and Business Development at Coinbase, rejoiced at this registration and recalls the interest of such regulations :
“Our Irish regulatory approval demonstrates our commitment and collaboration with the Central Bank of Ireland. Coinbase sees industry regulation as a catalyst for crypto growth, establishing clear ground rules that will create an environment that encourages innovation and builds trust in the industry. »
This exchange manager also expressed satisfaction with the management regulatory taken by theEuropean Union in terms of digital assets, emphasizing in particular the importance of MiCA. Finally, he specifies that Coinbase has requests for licenses underway in various European countries, while recalling that the Nederlandsche Bank – the Central Bank of the Netherlands – has already registered the platform.
Coinbase had already obtained the electronic money license in 2019 in Ireland, which shows his interest in the regulations. Moreover, the platform has regularly let it be known that it is investing in policies Americans in this area to clarify the status of cryptocurrencies which is, according to her, a brake on its development. And, it seems that we are indeed at the dawn of a new chapter in crypto with the important decision of the SEC which could end an already incredible year 2022.
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