Standard Chartered-Backed Zodia Markets Gains Registration in Ireland

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Standard Chartered-Backed Zodia Markets Gains Registration in Ireland
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Jamie Crawley is a CoinDesk news reporter based in London.

Zodia Markets, a digital asset exchange backed by Standard Chartered, has received registration as a Virtual Asset Service Provider in the Republic of Ireland from the country's central bank.

The registration will allow Zodia Markets to offer over-the-counter trading and exchange services to institutional clients, according to an emailed announcement on Friday. will in theory make it easier for crypto firms licensed in one of the trading bloc's member states to acquire the necessary permissions to operate in the other 26.

Ireland has emerged as a popular destination for crypto firms to set up shop, possibly down to its favorable tax regime. Crypto exchange Coinbase The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of

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