Coinbase has registered to provide cryptocurrency services in France, according to an announcement from the company on Dec. 21.
In an accompanying blog post, Coinbase stated that it has received virtual asset service provider (VASP) approval from France’s Autorité des marchés financiers (AMF), allowing it to operate within the country. That registration is also known as Prestataire de Services sur Actifs Numériques (PSAN).
Coinbase noted that it can now provide retail and institutional services including crypto custody, crypto-to-crypto trading, and buying and selling crypto in cash.
Daniel Seifert, Coinbase’s vice president and regional managing director, EMEA, commented on the registration. He said:
“Achieving VASP status in France allows us to continue to grow globally in the best possible way, onboarding the next 1 billion people into crypto while ensuring consumer’s assets are secure and that compliance is prioritised….
