Coinbase, finally joining the party in the UK 🍾! It’s all very official now, you see. They’ve gotten this “Virtual Asset Service Provider” thingamajig from the UK’s Financial Conduct Authority (FCA). Apparently, this means they can offer both crypto and regular money services. Who knew you could buy a cup of tea with Bitcoin? ☕️
The UK is apparently “critical” to Coinbase’s plans. They say so themselves, anyway. Perhaps they’re tired of just talking to Americans about crypto. Maybe they’re hoping to convert the Queen to Dogecoin 👑?
Getting this registration wasn’t a walk in the park. The FCA is like a bouncer at a fancy club, only letting in the most trustworthy souls. Apparently, Coinbase had a bit of a mishap with the rules back in 2020, but they’ve cleaned up their act. Now they’re the biggest crypto kid on the block in the UK.
Coinbase seems to be on a roll, securing approvals left and right. They’re in Argentina now, and they’re even letting Americans borrow money against their Bitcoin again. Sounds risky, but hey, that’s crypto for you!
A spokesperson for Coinbase said this was “critical” to their success.
They’re aiming to bring a billion people into the crypto world. Good luck with that! Maybe they should start with the Queen.
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2025-02-04 19:05