In the days of Binance isolation, Coinbase is racing in Europe!

Coinbase digital currency exchange was able to receive a license to register compliance with anti-money laundering laws (AML) from the Central Bank of Spain.

This license allows the exchange to serve both retail and institutional investors in Spain.

Spanish users can now hold their crypto holdings on Coinbase. They will also be able to convert crypto to euros. This would be a significant improvement; Because 29% of Spanish adults consider cryptocurrencies as a financial future.

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Coinbase actively pursues regulatory compliance around the world and has obtained Virtual Asset Service Provider (VASP) registration in various countries. Additionally, Coinbase’s attempt to acquire FTX Europe demonstrates its commitment to building a strong presence in Europe.

The European Parliamentary Research Service emphasizes the need for stricter supervision of the digital currency market; As the Cryptocurrency Market Regulation Act (MiCA) approaches its December 2024 implementation deadline.