Coinbase applies for MiCA license with EU hub in Ireland
The new European regulation, officially approved in May 2023, is set to come into force in December 2024. One of the top U.S.-based cryptocurrency exchanges, Coinbase, is said to have submitted its application for a license under the EU’s new Markets in Crypto-Assets (MiCA). At the same time, the current U.S. regulatory crypto environment leaves much to be desired. In a commentary to CNBC, Nana Murugesan, Vice President of International and Business Development at Coinbase, said the exchange has also decided to continue working in the European Union through its base in Ireland. Coinbase first established its office in Dublin, Ireland, back in 2018. In late 2022, the exchange won approval from the Central Bank of Ireland to operate as a Virtual Asset Service Provider (VASP). The decision allowed the company to continue providing products and services to individuals and institutions in Europe and internationally from Ireland. You might also like: Malta takes next steps ...