Coinbase Global has successfully registered with France’s markets regulator, AMF, marking a step forward in its global expansion strategy known as “Go Deep, Go Broad.”
The approval from France’s AMF grants Coinbase the status of a virtual asset service provider (VASP), allowing the company to operate digital currency services in the country.
With this registration, Coinbase gains the capability to offer its complete range of retail, institutional, and ecosystem products and services to users in France.
Coinbase will provide the following services in France with regulatory compliance:
- Custody of digital assets;
- Buying or selling digital assets in legal tender;
- The trading of digital assets against other digital assets.
Daniel Seifert, the Vice President and Regional Managing Director for EMEA at Coinbase, emphasized the significance of achieving VASP status in France, stating that it facilitates the global growth of Coinbase while prioritizing consumer asset security and compliance.
Additionally, earlier this year, Coinbase revealed discussions with the Financial Services Regulatory Authority in the Abu Dhabi Global Market regarding a potential license for a regulated exchange.
