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Coinbase Secures E-Money License to Expand in Europe

Coinbase becomes one of just a few companies to receive the e-money licence

The Leading Coinbase exchange has received an e-money license from the Central Bank of Ireland. The license will enable Coinbase, which keeps its non-US headquarters in London, to process payments, issue e-money, and handle electronic money wallets. Coinbase says that the e-money license will not only strengthen the company’s operations in Ireland but throughout Europe as well. 

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Coinbase CEO Zeeshan Feroz, announced the news in a blog post on Friday, saying that the license will help the exchange expand its Irish operations, as well as allow it secure passports for customers across the European Union (EU) and the European Economic Area (EEA).

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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