Crypto exchange, Coinbase gets e-money license in UK

Crypto exchange, Coinbase gets e-money license in UK

One of the world’s largest cryptocurrency exchange, Coinbase said it has received an e-money license in the United Kingdom.

On that basis, Coinbase is now changing its privacy policy for all its customers.

An email message sent to all its customers says:

“Coinbase has received an E-money license from the Financial Conduct Authority (FCA) in the UK and as a result we have updated our User Agreement (below) and Privacy Policy, which will become effective on March 21, 2018.  By continuing to use our services on or after March 21, 2018, you agree to be bound by the new User Agreement (below) and Privacy Policy.

The E-money license lays the foundation for future product improvements that will be available to customers outside the US/EU. We have also taken this opportunity to make our terms more accessible and easier to read”.