What licenses and permits are necessary for Coinbase to operate as a digital asset platform?

3 answers

• Muhammad SiddiqueMar 23, 2024 · a year ago
  To operate as a digital asset platform, Coinbase needs to obtain various licenses and permits. These include a money transmitter license, which is required in most states in the United States. Additionally, Coinbase may need to obtain licenses specific to the jurisdictions in which it operates, such as a BitLicense in New York. It is important for Coinbase to comply with all applicable regulations and obtain the necessary licenses to ensure the legality of its operations.
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• Om AherAug 14, 2021 · 4 years ago
  In order for Coinbase to operate as a digital asset platform, it must obtain the appropriate licenses and permits. This includes obtaining a money transmitter license, which is necessary for handling digital currencies. Coinbase may also need to obtain licenses specific to the jurisdictions in which it operates, such as a virtual currency license. By obtaining these licenses and permits, Coinbase can ensure that it is operating within the legal framework and providing a secure and compliant platform for its users.
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• Sanders GuldagerSep 28, 2023 · 2 years ago
  As a digital asset platform, Coinbase needs to obtain the necessary licenses and permits to operate legally. This includes obtaining a money transmitter license, which is required for handling digital currencies. Coinbase may also need to obtain licenses specific to the jurisdictions in which it operates, such as a virtual currency license. By obtaining these licenses and permits, Coinbase can demonstrate its commitment to regulatory compliance and provide a trusted platform for users to buy, sell, and store digital assets.
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