Coinbase Cyrptocurrency Exchange Granted E-Money Licence by UK

Coinbase cyrptocurrency exchange firm which is based on San-Francisco granted E-money licence by the UK’s Financial Conduct Authority (FCA), allowing the company to issue “e-money” and provide payment services.

According to announcement by Coinbase ; “For our customers, this will ultimately help us deliver a better experience through new partnerships and an easier to use product. We are committed to making sure customer funds are always secure and this update means that our e-money operations have safeguards and operational standards at par with other regulated financial institutions,” commented Coinbase UK CEO Zeeshan Feroz. “Our e-money license will extend beyond the UK to 23 countries within the EU. We believe that this is an important step towards our commitment to making cryptocurrency accessible to everyone.”