Coinbase has obtained Virtual Asset Service Provider (VASP) approval from France's Financial Markets Authority (AMF), enabling the platform to offer its full suite of retail, institutional, and ecosystem products/services to French users.
Key Services Enabled by VASP License
The VASP registration grants Coinbase authorization to operate the following digital currency services in France:
- Digital asset custody
- Fiat-to-crypto trading (buy/sell digital assets using euros)
- Crypto-to-crypto trading
- Operation of a digital asset trading platform
France's Strategic Push into Web3 Innovation
As part of President Emmanuel Macron's "France 2030" initiative, the country has pledged €34 billion (~$36.5B USD) in strategic investments to position itself as a global Web3 leader. Recent developments highlight:
- France now ranks among Europe's most crypto-friendly regulatory environments
Current adoption metrics (per Toluna data):
- 10% of French adults hold crypto assets
- 24% plan to engage with crypto within the next year
👉 Discover how Coinbase's expansion impacts European crypto markets
Industry Perspective
Daniel Seifert, VP & Managing Director EMEA at Coinbase:
"France's VASP approval allows us to advance our mission of onboarding the next billion users to crypto while prioritizing compliance. We're excited to contribute to France's vibrant Web3 ecosystem."
Frequently Asked Questions (FAQ)
Q: What does VASP approval mean for French Coinbase users?
A: It ensures full regulatory compliance for services like crypto trading, staking, and institutional-grade custody.
Q: How does France's Web3 strategy compare to other EU nations?
A: France's €34B investment plan gives it one of Europe's most aggressive public-private Web3 development frameworks.
Q: Can non-French residents access these services?
A: The license specifically covers operations for French-based users and businesses.
👉 Explore compliant crypto platforms for European traders
Risk Disclosure
Cryptocurrency investments carry substantial risk due to price volatility. Investors may lose their entire capital. Always conduct independent risk assessment.
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