Key Takeaways:
- The Central Bank of Ireland has approved 15 virtual asset service providers, including major firms like Crypto.com, Coinbase, Gemini, and Ripple.
- Crypto.com announced its approval on June 11, enabling expanded services in Ireland, such as crypto-to-fiat exchanges and fiat wallets.
- This development highlights Ireland’s growing involvement in the crypto industry, contrasting with Circle Internet Financial’s decision to move back to the U.S.
The Central Bank of Ireland (CBI) has approved 15 virtual asset service providers (VASPs) as of June 7, 2024, including major firms like Crypto.com, Coinbase, Gemini, and Ripple.
On June 11, Crypto.com announced its approval by the CBI, allowing it to offer expanded services in Ireland, such as crypto-to-fiat exchanges and fiat wallets.
https://t.co/vCNztATSCO is proud to announce that we have been granted Virtual Asset Service Provider (VASP) registration from the Central Bank of Ireland. pic.twitter.com/Dv9Fi5WUCg
— Crypto.com (@cryptocom) June 11, 2024
Crypto.com’s president, Eric Anziani, highlighted the company’s commitment to compliance and innovation.
With this approval, Crypto.com joins a growing list of VASPs in Ireland, which now includes 14 entities, with seven approved in 2023 and four more, including Crypto.com, in 2024.
https://t.co/U4D4dEBVEj, one of the world's largest crypto trading platforms, announced on June 11 that it had received VASP approval in Ireland.#Crypto.com #VASP #VARAhttps://t.co/f2CZjG5xIh
— Cryptonews.com (@cryptonews) June 11, 2024
This development underscores Ireland’s increasing involvement in the crypto industry.
For instance, Coinbase has established Ireland as its European hub, and other major companies like Ripple and Gemini are enhancing their presence in the country.
Crypto Market Pulse Weekly:
— Crypto.com Research & Insights (@cryptocom_rni) June 11, 2024
🇮🇪 https://t.co/lhCPQEMURB receives Virtual Asset Service Provider Registration from Ireland
📈 Open interest of BTC futures in centralized exchanges reached record high
🤝 Ripple partners with National Bank of Georgia to digitise local economy
The… pic.twitter.com/WG6slEVIsJ
In contrast, Circle Internet Financial announced plans to move back to the U.S. from Ireland.
About The Author
Fleming Airunugba, a seasoned Web3 and crypto content expert, leverages his deep understanding of blockchain technology to bring the latest and most impactful news to the crypto community.
With a knack for engaging storytelling and strategic content creation, Fleming is dedicated to educating and inspiring his audience with insightful analysis on cryptocurrencies, NFTs, and the future of digital finance.
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