Standard Chartered-Backed Zodia Markets Gains Registration in Ireland

Zodia Markets, a integer plus speech backed by Standard Chartered, has received registration arsenic a Virtual Asset Service Provider (VASP) successful the Republic of Ireland from the country's cardinal bank.

The registration volition let Zodia Markets to connection over-the-counter (OTC) trading and speech services to organization clients, according to an emailed announcement connected Friday.

Having received akin permissions successful the U.K. past year and successful Abu Dhabi past month, the institution present has a licensed entity successful the European Union (EU). The forthcoming implementation of the EU's Markets successful Cryptoassets Regulation (MiCA) volition successful mentation marque it easier for crypto firms licensed successful 1 of the trading bloc's subordinate states to get the indispensable permissions to run successful the different 26.

Ireland has emerged arsenic a fashionable destination for crypto firms to acceptable up shop, perchance down to its favorable taxation regime. Crypto speech Coinbase (COIN) designated Ireland arsenic its EU hub earlier this month.