Coinbase to move e-money license for EU from London to Dublin due to Brexit
It has been recently announced by Coinbase that as a result of Brexit, they will be moving the provision of E-Money services from the UK branch to the Irish branch. This is a positive win for the Irish crypto industry, as they have been hiring quite steadily over the last couple of months with a variety of roles including customer support, accounting and finance, and security.
The full text of the announcement is below
Changes to your account after Brexit
Following our email last year, we wanted to let you know about changes to your account after the UK leaves the European Union on 31 January 2020.
After 31 January, we will continue to provide you with E-Money Services from the UK under the transition period agreed between the UK and European Union.
Later in 2020, we plan to migrate your relationship with us for the provision of E-Money Services to Coinbase Ireland Limited, an E-money institution authorised and regulated by the Central Bank of Ireland. We’ll be in touch with further information closer to the time.
Other than set out above, the Coinbase Services you receive will not be affected by the transfer.
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