{"id":178738,"date":"2023-10-22T00:39:26","date_gmt":"2023-10-21T19:09:26","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=178738"},"modified":"2023-10-22T00:39:26","modified_gmt":"2023-10-21T19:09:26","slug":"coinbase-picks-ireland-for-its-eu-mica-hub-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/coinbase-picks-ireland-for-its-eu-mica-hub-crypto-news\/","title":{"rendered":"Coinbase picks Ireland for its EU MiCA hub – Crypto News"},"content":{"rendered":"

U.S. cryptocurrency exchange Coinbase<\/a> has officially chosen<\/a> Ireland as the location for its European MiCA (Markets in Crypto-Assets) hub, marking a significant step in its ongoing international expansion efforts.<\/p>\n

MiCA, set to apply to crypto asset service providers by the end of 2024, will enable Coinbase to serve a vast market of 450 million people across 27 countries under a single regulatory framework and national supervision.<\/p>\n

The recent adoption of MiCA by EU policymakers is seen as a pivotal moment for the cryptocurrency industry in the region. The regulatory clarity provided by the framework underscores the region\u2019s recognition of the potential offered by emerging technologies.<\/p>\n

Favorable environment<\/h2>\n

Coinbase said Ireland\u2019s favorable political environment and robust regulatory infrastructure for financial technology companies were key factors in its decision.<\/p>\n

The company already maintains operational structures in Ireland and benefits from access to a deep talent pool with expertise in financial services and cutting-edge technologies.<\/p>\n

Minister of State at the Department of Finance Jennifer Carroll MacNeill expressed her enthusiasm for Coinbase\u2019s commitment to Ireland, stating:<\/p>\n

\n

\u201cI welcome Coinbase\u2019s continued commitment to Ireland and wish them every success in locating their EU MiCA entity here.\u201d<\/p>\n<\/blockquote>\n

She also highlighted the government\u2019s efforts to attract compliant, innovative, and risk-aware businesses to the country\u2019s thriving international financial services industry.<\/p>\n

Go Broad, Go Deep<\/h2>\n

Setting up a MiCA hub is part of Coinbase\u2019s Phase II strategy, known as \u201cGo Broad, Go Deep,\u201d which focuses on expanding its presence in international markets.<\/p>\n

Coinbase holds an e-money institution license and Virtual Asset Service Provider (VASP) registration in Ireland, a crypto license in Germany, and several national registrations across other major EU member states, including Italy, the Netherlands, and Spain.<\/p>\n

The European Commission\u2019s Eurobarometer reports that crypto adoption across the region averages 10%. Meanwhile, roughly 11% of Irish adults are already invested in digital assets.<\/p>\n

Coinbase\u2019s primary goal is to bring the benefits of cryptocurrencies to a global audience, and selecting Ireland as its EU MiCA hub allows the company to leverage its existing infrastructure and accelerate growth across all 27 European member countries.<\/p>\n

The post Coinbase picks Ireland for its EU MiCA hub<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. cryptocurrency exchange Coinbase has officially chosen Ireland as the location for its European MiCA (Markets in Crypto-Assets) hub, marking a significant step in its ongoing international expansion efforts. MiCA, set to apply to crypto asset service providers by the end of 2024, will enable Coinbase to serve a vast market of 450 million people […]<\/p>\n","protected":false},"author":2,"featured_media":178739,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-178738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=178738"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178738\/revisions"}],"predecessor-version":[{"id":178740,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178738\/revisions\/178740"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/178739"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=178738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=178738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=178738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}