Coinbase’s VP of International Expansion to Leave in 2024 Amid EU Expansion
Coinbase’s Vice President of International and Business Development, Nana Murugesan, is set to leave the company in Q1 2024 as it seeks to expand its services in Europe under the new Markets in Crypto-Assets (MiCA) regulation. While Murugesan did not provide a specific reason for his departure, he announced that he will stay on as an advisor until July 2024. His replacement has not been announced yet.
Murugesan joined Coinbase in January 2022 and played a key role in the exchange’s decision to continue operating in the EU through its base in Ireland. This move came shortly after Coinbase applied for a license under the MiCA framework, which introduces various requirements for crypto companies operating in the EU.
Hot Take: Nana Murugesan’s Departure from Coinbase Amid EU Expansion
Nana Murugesan’s departure from Coinbase comes at a crucial time as the company navigates regulatory changes and seeks to expand its presence in Europe. His contributions to Coinbase’s international expansion efforts have been significant, and his departure raises questions about who will take on this important role moving forward.
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