Crypto Exchange Coinbase Granted Operating License in European Union’s 6th Largest Economy

Crypto Exchange Coinbase Granted Operating License in European Union’s 6th Largest Economy

Crypto exchange Coinbase will start offering its services in the Netherlands after gaining approval to operate in the country, which has the fifth largest economy in the European Union.

Coinbase says they are now the first major global crypto exchange to successfully register with De Nederlandsche Bank, the central bank of the Netherlands.

The achievement is part of the company’s continued expansion into countries outside the United States.

Nana Murugesan, Coinbase’s vice president of international and business development, says the approval illustrates how the company is working to bring its cryptocurrency services under regulation to facilitate the industry’s growth and build public trust in the sector. improve.

“As part of Coinbase’s ambition to be the world’s most trusted and secure crypto platform, we have taken steps to partner with government, policymakers and regulators to shape the future responsibly. Coinbase prides itself on being a compliance-driven company. The Netherlands is a critical international market for crypto, and I am very excited that Coinbase is bringing the potential of the crypto economy here.”

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