Cryptocurrency Q&A
Is Coinbase a 'green light' for cryptocurrencies in France?
Is Coinbase a 'green light' for cryptocurrencies in France?
Martino
Tue Jul 16 2024
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5 answers
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As the global crypto landscape continues to evolve, the question remains: does Coinbase serve as a "green light" for cryptocurrencies in France? The leading cryptocurrency exchange has established a strong foothold in numerous countries, but what impact has it had specifically in France? Is there a correlation between Coinbase's presence and an increased acceptance or regulation of crypto assets? Have French regulators shown more leniency towards digital currencies due to Coinbase's operations? Or is the exchange simply one of many factors contributing to the broader crypto discussion in the country? Understanding the nuances of this relationship is crucial for those navigating the French crypto market.
5 answers
EnchantedDreams
Thu Jul 18 2024
France's financial watchdog, Autorité des Marchés Financiers (AMF), has granted Coinbase approval as a virtual asset service provider (VASP). This certification signifies Coinbase's eligibility to offer crypto services within the French jurisdiction.
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CloudlitWonder
Thu Jul 18 2024
The approval comes as a major milestone for Coinbase, further solidifying its global footprint in the cryptocurrency industry. With this green light, Coinbase can now legally operate in France, providing services to both retail and institutional investors.
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benjamin_doe_philosopher
Thu Jul 18 2024
French President Emmanuel Macron has been vocal about his vision to establish France as a hub for technologies like AI and crypto. This ambition is backed by significant investments in subsidies and state funding for innovative technologies.
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Martina
Thu Jul 18 2024
Coinbase's approval aligns with Macron's vision, positioning France as a favorable destination for crypto businesses. The move is expected to attract more crypto companies to France, contributing to the country's efforts to become a technology leader.
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Michele
Wed Jul 17 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services to cater to different investor needs. These include spot trading, futures trading, and a secure digital wallet for storing cryptocurrencies.
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