In its latest announcement, Coinbase has received the e-money license from the Financial Conduct Authority of the UK that involves regulation compliance. This move will help the exchange in expanding its business in UK and EU.

This e-money license will help in faster payments that will further simplify the process of adding and withdrawing money from the exchange. The CEO of UK Coinbase, Zeeshan Feroz explained:

“U.K. customers will benefit from faster, safer and seamless bank transfers. We will start with a pilot, giving a small number of institutional users access to Faster Payments. In the coming weeks, we will begin rolling out to all U.K. customers, making the Coinbase experience increasingly easier.”

Source: https://coingape.com/uk-fca-grants-coinbase-e-money-license/