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Amidst mounting regulatory threats on the home turf, Coinbase has announced its intention to locate its EU MiCA hub in Ireland, citing a supportive political environment for FinTech companies.
This move will expedite the exchange’s mission of introducing the next billion individuals to cryptocurrency, all while upholding the security of consumers’ assets and emphasizing regulatory compliance, according to its latest Upon approval, the crypto exchange will obtain a comprehensive “MiCA license” in Ireland, facilitating the extension of its services to Germany, France, Italy, the Netherlands, and various other EU nations through a “passport” mechanism.“We welcome Coinbase’s intention to locate its European MiCA hub in Ireland, subject to CBI approval.
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