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presale is live Receives VASP Approval from Central Bank of Ireland

Hassan Shittu
Last updated: | 1 min read Receives VASP Approval from Central Bank of Ireland

The cryptocurrency industry in Ireland continues to expand as the Central Bank of Ireland (CBI) granted Virtual Asset Service Provider (VASP) approval to on June 11. VASP acquisition will enable the company to broaden its offerings in the country, including crypto-to-fiat exchanges and fiat wallets.’s New VASP Approval in Ireland

With this latest approval, joins a select group of crypto firms regulated by the Central Bank of Ireland. The list of registered VASPs in Ireland now includes prominent industry players such as Coinbase, Ripple, the Winklevoss brothers’ Gemini exchange, MoonPay, and Standard Chartered’s Zodia custody platform.

As of June 7, Ireland has approved 15 entities as VASPs, showing its progressive stance towards digital asset regulation. In 2024, the CBI approved four new VASPs, including Foris DAX Global, Fortuna Digital Custody, Ramp Swaps, and

While many crypto firms are solidifying their presence in Ireland, some have opted to exit the market. Circle Internet Financial, the company behind USD Coin (USDC), announced plans to return to the US and move away from Ireland in May.

Despite this, Ireland continues to attract major companies like Coinbase, which selected the country as its European crypto hub to comply with the Markets in Crypto-Assets Regulation (MiCA). Got Approval From VARA

Outside of Ireland, announced that its Dubai-based entity has achieved full operational approval from the Virtual Assets Regulatory Authority (VARA) and will commence services targeting institutional investors.

The milestone follows meeting VARA’s pre-operational requirements in November 2023 and marks the first global crypto exchange authorized to operate with fiat currency in the UAE. has obtained other important licenses, including a Major Payment Institution (MPI) license for Digital Payment Token (DPT) services from the Monetary Authority of Singapore and registration as a Digital Asset Service Provider (DASP) by the Autorité des marchés financiers (AMF) in France.

Additionally, plans to launch further products for retail customers, including the App. Other approvals include the Electronic Money Institution (EMI) authorization by the UK’s Financial Conduct Authority (FCA).