TechFlow news, according to CNBC, cryptocurrency exchange platform Coinbase has successfully registered with France’s market regulator. The French Financial Markets Authority (AMF) has granted Coinbase approval as a Virtual Asset Service Provider (VASP).
The VASP registration will allow Coinbase to offer custody of digital assets, buying or selling digital assets with fiat currency, trading between digital assets, and operating a digital asset trading platform.
In a statement on Tuesday, the company said regulators in France and other European countries have been striving to keep pace with emerging technologies such as crypto and blockchain, while seeking to balance the potential for improving payment systems and transactions with ensuring consumer protection. The European Union has been working to roll out its Markets in Crypto-Assets (MiCA) regulation, which will create a harmonized framework enabling crypto companies to operate under regulation across member states. Under MiCA, crypto firms will no longer need to register separately in each EU market but can instead obtain a VASP license in one country and "passport" their services into others.
