Coinbase picks Ireland as its main EU regulatory hub as U.S. authorities go on the offensive
Publishing timestamp: 2023-10-19 12:22:37
Summary
Coinbase has chosen Ireland as its main operational and regulatory hub in the European Union. The company has applied for a license under the EU's new Markets in Crypto-Assets (MiCA) regulation and plans to use it to expand its services into Germany, France, Italy, the Netherlands, and other EU countries. Coinbase is confident it will be able to win the license and aims to be operational with it from "day one." The company sees potential for growth in the European Union and other international hubs as it faces regulatory pressure in the United States. Coinbase also plans to make Germany its regional "talent hub" and may launch new products in Europe before rolling them out in the US.
Sentiment: POSITIVE
Tickers: COIN,
Keywords: technology, ireland, breaking news: technology, coinbase global inc, markets, business news, breaking news: markets, internet,