Coinbase Expanding in Europe Acquires E-money License In Ireland
Recently, The Crypto Exchange Firm Coinbase has received an e-money license from the Central Bank of Ireland to work on its project in Ireland.
As per the recent announcement made Zeeshan Feroz the CEO of Coinbase U.K in a news blog spot saying that the recent license that they have got will subsequently help them to expand their exchange in the Irish operations and also work upon to secure passporting for its customers in Europe Union(EU) and in the European Economic Area (EEA).
But what actually Passporting do?
Basically, passporting allows a specific firm registered in the European region to support and do its business in the member state without the need to acquiring permission or authorization form each of the Country.
According to the firm Europe has a huge potential and growth for Coinbase, and to bring it in the notice the license has arrived just a year after they had opened their exchange office in Dublin.
While this new progress to the firm will create a whole new set of jobs and will also help to grow the burgeoning Irish Crypto economy as addressed by Coinbase.
