Coinbase, the largest cryptocurrency exchange in the USA, continues to expand outside the country after experiencing regulatory obstacles in the USA.
At this point, the latest news came from France.
According to CNBC, Coinbase received virtual asset service provider (VASP) approval from France's AMF watchdog.
This approval means the green light for Coinbase to operate crypto services in France.
Coinbase has registered with the French market regulator, a company spokesperson confirmed today, saying the approval paves the way for the firm to expand its services in another key European market.
“VASP registration from the French regulator will allow Coinbase to store digital assets, legally buy or sell digital assets, trade digital assets against other digital assets, and operate a digital asset trading platform.
VASP registration represents a major move by Coinbase to expand in Europe.
“This approval comes at a crucial time as the exchange faces a more uncertain regulatory environment in its home country of the United States.”
As you may remember, the SEC filed a lawsuit against Coinbase in June.