Coinbase, a major player in the crypto community, has been granted authorization by France’s financial watchdog, the AMF, to offer digital currency services in the country under its VASP accreditation, as per reports.
This move holds significant importance, especially in light of the firm’s increasing regulatory challenges in the United States.
Having obtained the VASP certification, Coinbase is now prepared to deliver a suite of services. These offerings could include the safekeeping of digital assets, facilitating their conversion to conventional currencies, supporting trades between different cryptocurrencies, and running a marketplace for the buying and selling of these digital
In the U.S., Coinbase faced a long-standing disagreement with the Securities and Exchange Commission (SEC) earlier this month over claims of running an unregistered trading platform. CEO Brian Armstrong has actively advocated for clearer regulations to ensure that the nation doesn’t hinder technological advancements and potentially drive them to other countries.