Congratulations! Given how strong the European bitcoin community is, this seems like a very important step. I wonder how they picked the first countries -- were they a set with reciprocal registration, or just with the most reasonable requirements, or bigger markets, ...?
Quote from an interview with Armstrong, their CEO:
For the expansion, Armstrong said that Coinbase reached out to a number of countries in the region, writing letters and engaging local regulators in dialogue about its ability to extend its services to their jurisdictions.
Countries were then given the greenlight based on how favorably they responded to this outreach, and how specific their regulatory requirements were for bitcoin businesses.
Armstrong said:
“We reached out to each country in that region on a case-by-case basis. It was a lot of bank partnerships, a lot of legal and compliance work and some technical integration as well.”
