Coinbase to Provide Service for 6 European Countries

Now traders from islands of Guernsey and Man, Lithuania, Iceland, Andorra and Gibraltar are ble to use Coinbase's services
21 December 2018   1380

Coinbase, the largest US cryptocurrency company, began providing services to residents of the islands of Guernsey and Man, Lithuania, Iceland, Andorra and Gibraltar.

Over the past six years, we’ve expanded our footprint from the U.S. to 33 countries across the globe, making it easier for more people to buy and sell cryptocurrencies. Today, we’re taking another significant stride toward realizing our mission by announcing the rollout of Coinbase to six additional European markets.
 

Coinbase Team

Users in these countries now have access to the Coinbase.com platform and exchange applications for iOS and Android. In the future, the company will provide them with the opportunity to work with the Coinbase Pro and Coinbase Prime sites.

Binance Singapore Unit to Apply For License

Under the new law, aimed at regulating crypto paymetns and trading, firms must register with the Monetary Authority to receive a license
17 February 2020   315

Binance, a Singapore-based cryptocurrency exchange unit, has applied for a license under the new Payment Services Act, which entered into force on January 28.

We have already applied. We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.

 

Changpeng Zhao

Founder and CEO, Binance

Under the new law, crypto companies in Singapore must register with the Monetary Authority and receive one of three licenses: an exchange of money, a standard or large payment institution. The measure is aimed at regulating payments and crypto trading using requirements for participants in the traditional finance industry. Zhao did not specify which of the licenses Binance Singapore chose.

Binance has been offering crypto-fiat trading services in Singapore since April 2019 and works with eight coins, including Bitcoin, Ethereum and XRP. The trading platform is supported by Vertex Venture Holdings, a venture division of Singapore's Temasek Holdings.