Coinbase To Establish Dublin HQ As MiCA Regulation Approaches
Portfolio Pulse from Murtuza Merchant
Coinbase (NASDAQ:COIN) has identified Ireland as its principal center for EU operations and regulatory affairs. The company has forwarded its licensing application to the Central Bank of Ireland in preparation for the upcoming enactment of the European Union’s Markets in Crypto-Assets (MiCA) regulation. The approval of the MiCA license in Ireland would enable Coinbase to extend its services across various EU nations including Germany, France, Italy, and the Netherlands.
October 19, 2023 | 1:16 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Coinbase's application for a MiCA license in Ireland could potentially expand its operations across the EU. This move aligns with the upcoming enactment of the EU's MiCA regulation.
Coinbase's application for a MiCA license in Ireland is a strategic move that could potentially expand its operations across the EU. This aligns with the upcoming enactment of the EU's MiCA regulation, which is anticipated by December 2024. The approval of the MiCA license would enable Coinbase to extend its services across various EU nations, streamlining the process for introducing new offerings in these markets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100