Coinbase Regulatory Compliance

 

United States  

Coinbase, Inc., the company which operates Coinbase and Coinbase Pro in the U.S., is licensed to engage in money transmission in most U.S. jurisdictions. Most of Coinbase’s money transmission licenses cover US Dollar Wallets and transfers. In some states, money transmission licenses also cover digital currency wallets and transfers on the platform. In other states, no money transmission license is required to operate a digital currency business.

Coinbase is also registered as a Money Services Business with FinCEN.

Coinbase is required to comply with many financial services and consumer protection laws, including:
  • The Bank Secrecy Act, which requires Coinbase to verify customer identities, maintain records of currency transactions for up to 5 years, and report certain transactions.
  • The USA Patriot Act, which requires Coinbase to designate a compliance officer to ensure compliance with all applicable laws, create procedures and controls to ensure compliance, conduct training, and periodically review the compliance program.
  • Most states’ money transmission laws and corresponding regulations. 


International  

All non-US clients contract with CB Payments Limited, based in the UK. CB Payments Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN: 900635) for the issuing of electronic money.

Still can't find what you're looking for?

Submit A Request