About The Author More articles gained the virtual asset service provider (VASP) recognition from French Financial Markets Authority (AMF). This registration enables Coinbase to offer custody services for digital assets, assist in trading those assets for legal tender, support the trading of digital assets against each other, and run a digital asset trading platform within France. Acquiring the VASP license marks a significant strategic step for the company, allowing it to increase its footprint in Europe, especially in light of the often unpredictable regulatory landscape it faces in its home country.

As reported by CoinGecko, Coinbase ranks as the third-largest cryptocurrency exchange based on trading volume, following closely behind two major players. Alisa Davidson The Evolving Crypto Regulatory Environment in the European Union

Similar to their counterparts in Europe, French regulators are adjusting to the rise of innovative technologies like cryptocurrency and blockchain, aiming to harness their potential for enhancing commerce and trading while simultaneously protecting consumers. Alisa Davidson More articles Hot Stories by

In the European Union, there are ongoing initiatives to introduce the Markets in Crypto Assets (MiCA) regulation, which aims to create a cohesive framework allowing cryptocurrency companies to operate under a regulated umbrella across the bloc.

Instead of needing to register in each EU country individually, cryptocurrency firms will eventually be able to utilize their VASP license from one nation to 'passport' their services into others, facilitating seamless operations across the European Union. Alisa Davidson The nation strives to assert itself as a technological frontrunner. Under its 'France 2030' vision, the government has committed $36.5 billion in investments over five years, including grants and public funding, aiming to establish itself as a leader in the Web3 domain.

A prominent player in crypto custody, currently valued around $1.4 billion. Plus, major platforms like Binance and Crypto.com have chosen Paris as their European headquarters.

May 01, 2025 by Coinbase's recent approval came at the same time that stablecoin issuer received conditional registration from the regulatory body. This aligns with France's strategy to attract a greater number of cryptocurrency enterprises.

Alisa Davidson

May 01, 2025 The approval for Coinbase to operate as a VASP in France, alongside Circle's registration, underlines France's ambitious goal to lead in regulatory innovations and technological advancements on the global stage.

by Alisa Davidson Please be advised that the information on this page is not intended as legal, tax, investment, or financial advice. It is crucial to only invest what you can afford to lose and seek independent financial consultation if you have any uncertainties. For further details, we encourage you to check the terms and conditions, as well as the help and support sections provided by the issuer or advertiser. MetaversePost pledges to deliver precise and impartial reporting, yet market conditions may shift without prior notice. May 01, 2025 Alisa, a committed journalist with Cryptocurrencylistings, specializes in areas like cryptocurrency, zero-knowledge proofs, investments, and the vast landscape of Web3. With a sharp eye for emerging trends and technologies, she provides in-depth coverage aimed at keeping readers informed and engaged in the dynamic world of digital finance.

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