CJ - Cryptocurrency Enthusiast
They are now fully registered with the Dutch Central Bank, claims a Coinbase statement (De Nederlandsche Bank or DNB). The DNB regulatory clearance makes it the first large Bitcoin exchange in the world.
After successfully registering with the DNB as a crypto service provider, Coinbase is now able to deliver its full range of retail, institutional, and ecosystem goods and services to its Dutch consumers.
In their blog post announcing the registration, Coinbase indicated that they saw it as a crucial turning point in their company's continuous international expansion.
The cryptocurrency exchange has also expressed its opinion on the success of the regulation approval. According to Coinbase, industry regulations help the cryptocurrency sector expand by establishing clear ground rules for an environment that is supportive of innovations and development, as well as by boosting confidence in the sector among the general public and decision-makers.
Nana Murugesan, vice president of internal and business development at Coinbase, has stated that the company wants to work with regulators, governments, and policymakers to become the most secure and trustworthy platform in the world. “Coinbase prides itself on being a compliance-driven company” he continued. “The Netherlands is a crucial market for cryptocurrency investment outside of the US, thus I'm very looking forward to Coinbase introducing the possibilities of the crypto economy to the market here.”
With specific hubs located out of Ireland, the UK, and Germany, Coinbase presently provides crypto assets and services, such as crypto asset management, throughout 40 European nations.