U.S. based and Nasdaq-listed cryptocurrency exchange, Coinbase, has been granted regulatory approval from the Central Bank in the Netherlands, the company announced on Thursday in a blog post. With the Dutch bank’s permission, the crypto platform can service the rest of the European Union.
By registering with the De Nederlandsche Bank, Coinbase has permission to offer its products and services to consumers and businesses in the country. Later, when the EU’s markets in crypto assets (MiCA) regulation is activated, Coinbase can expand its crypto trading services to 26 more EU nations. into force
Nana Murugesan, Vice President, International and Business Development at Coinbase, said:
“As part of Coinbase’s ambition to be the world’s most trusted and secure crypto platform, we have taken strides to work collaboratively with government, policymakers and regulators to shape the future in a responsible way. Coinbase prides itself on being a compliance-led business. The Netherlands is a critical international market for crypto, and I am really excited for Coinbase to bring the potential of the crypto economy to the market here.”