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Coinbase Secures VASP License in France for Crypto Services Expansion in Europe

Coinbase, a major American crypto exchange, has obtained a virtual asset service provider (VASP) license in France, allowing it to offer crypto services in the country and expand further into Europe. French users can now buy or sell supported cryptocurrencies using legal tender or other crypto assets, as well as access retail and institutional services, including custody. Coinbase's expansion strategy prioritizes countries with defined regulations around the cryptocurrency sector, and it plans to replicate its efforts across the globe. The exchange also notes its support for the EU's Markets in Crypto-Assets (MiCA) regulation and has selected Ireland as its central regulatory hub for the entire EU region.

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