"We are excited to support and grow our retail consumers, institutional clients, and developer partners in Spain," Nana Murugesan, Vice President of International and Business Development at Coinbase, said.
Coinbase has Virtual Asset Service Provider (VASP) registrations in Italy, Ireland, and the Netherlands.
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As part of its Phase II international expansion, the company aims to acquire licenses, tailor products to local needs, and strengthen operations in markets with clear crypto regulations, like Spain.
Coinbase stated that a notable 29% of Spanish adults view cryptocurrencies as the future of finance.
Furthermore, cryptocurrencies have surpassed bank transfers, becoming the second most popular payment method in the country.
The European Union's recent adoption of the MiCA regulation marks a significant step for the crypto industry in the region.
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Image: Coinbase
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