The largest Crypto grant-based Crypto Fair has just become the largest virtual assetrovider (Vasp) in the UK after recent approval of the regulations.
According to a new announcement from Coinbase, the stock market has received approval from the Financial Conduct Authority (FCA) to act as a Vasp in the United Kingdom.
“Coinbase has obtained its VASP registration in the United Kingdom issued by the Financial Conduct Authority (FCA). With this registration, Coinbase can offer a better series of retail, institutional and ecosystem products and services to users in the UK as the largest registered Vasp. “
According to the announcement, the Vasp registration helped to surpass Binance, the largest crypto exchange in the world, as the largest digital activation service provider in the region.
“This Vasp registration makes Coinbase the largest registered player of digital assets in the UK. The British government and the FCA develop a welcome regulation for the crypto sector, hopefully a member of the growing trend of countries that embrace economic freedom and free markets.
Governments around the world wake up with the fact that crypto is feeding economic prosperity. We believe that crypto is the most important technology that can generate growth in the world, and the UK is ready to take advantage of this. “
Last week Coinbase received approval to work as a Vasp in Argentina.
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Featured image: Shutterstock/Fran_kie