Crypto exchange Coinbase was granted permission by the Central Bank of Ireland to act as a Virtual Asset Service Provider (VASP), according to an announcement on Dec. 21. The company's operations in the country will be overseen by Cormac Dinan, a former employee of Crypto.com, Deloitte and Citigroup.

Under the VASP registration, Coinbase Ireland will be subject to the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010.

Two Coinbase entities are covered by the VASP registration: Coinbase Europe Limited and Coinbase Custody International Limited. The first provides crypto trading services to European customers, while Coinbase Custody International provides crypto custody services to institutional clients across the region.

(by Ana Paula Pereira)