Coinbase and Circle have both expanded their operations in Europe after receiving regulatory approval from France's Financial Markets Authority (AMF). Coinbase, a cryptocurrency exchange, obtained a Virtual Asset Service Provider (VASP) license from the AMF, aiming to establish itself in European markets beyond the U.S.
The AMF's license allows Coinbase to operate as a digital asset exchange, offering services such as cryptocurrency trading, crypto-to-fiat trading pairs, and crypto custodial services. This was reported by CNBC on December 21 and confirmed by a spokesperson from the company.
Simultaneously, Circle, the entity behind the USD Coin (USDC), announced its conditional registration with the AMF. Its CEO, Jeremy Allaire, expressed the company's ambition to secure a full Digital Asset Service Provider (DASP) license from
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First found on: Coinbase and Circle Expand European Operations Following French Regulatory Approval
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