Coinbase’s foray into the EU derivatives market underscores its commitment to compliance and regulatory standards. The company has emphasized its focus on adhering to strict anti-money laundering (AML) and Know Your Customer (KYC) protocols, which are crucial for operating within the EU’s financial markets.
In addition to the planned acquisition, Coinbase is actively working to further cement its regulatory footprint in Europe. The company is seeking to secure a Markets in Crypto-Assets (MiCA) license by the end of 2024, which would bolster its capabilities and services in the region. Coinbase already possesses a French virtual asset service provider license, demonstrating its proactive approach to meeting regulatory requirements across the continent.
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Source: Cryptocurrency - investing.com
