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Coinbase is the largest U.S. exchange for trading digital currencies, which soon may have to transfer European accounts from the UK. To date, the platform manages the electronic payments in the UK via CB Payments. A permit has been issued by the FCA office on the fin. regulation and supervision.
If, after Brexit will not be able to conclude an agreement on the withdrawal of funds, the management of the Coinbase transfer the activity to another jurisdiction. The company sent its users a letter with this information to your mailbox.
Coinbase also said that the service trade areas, use the account to transfer to the jurisdiction of another country will not change. At the moment, the exact timing of the transfer of accounts no, but users are pre-warned about this.
An official statement yet was not there, and all the information circulated by mail. While the UK entered the EU, each created in the country, the company had the right to work on the General conditions in force in the European Union. If on October 31 great Britain out of the EU without an agreement on the withdrawal of funds, corporations need to apply for a separate license. Against this background, the functioning of the Coinbase exchange, as well as many other companies, will be suspended for a while.
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