Crypto Exchange Coinbase (Coin) was the largest encryption exchange operated in the UK after securing the registration book of the Financial Action Bureau (FCA), and for the first time in Japan.
“We will open new channels and launch the ability to start new products and services,” said Keith Grauss, a coin -based British CEO.
Coinbase has been working on the last six months for approval on Monday. By becoming a registered company, Coinbase can provide both encrypted and cash to British investors and traders.
It is difficult to get a spot in the registration book, and only 14 % of the applicants have succeeded.
Coinbase already existed in the UK through a subsidiary of CB Payments LTD. This has been providing electronic money services since 2018. The London -based unit did not provide the cryptocurrency service directly, but has functioned as a gateway for customers to trade encryption in entities. Inside the coin base group.
“Our new UK VASP registration means not only CBPL can continue to provide customers with FIAT services, but also provide encryption services,” said coinbase spokeswoman.
Coinbase is necessary in advance, so you can directly talk to the FCA about the communication and plan without relying on the third -party approval.
“We are excited to talk about stakeen, the future of British stubcoin, and what is registered (virtual asset service provider),” GROSE is next to FCA. He stated that it implies the encryption system.
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