Crypto Trends

Coinbase Announces EU MiCA License From Luxembourg Regulator ⋅ Crypto World Echo

Coinbase has secured a Markets in Crypto Assets (MiCA)license from Luxembourg’s financial regulator, enabling the exchange to offercrypto services across all 27 European Union member states.

The license was granted by the Commission deSurveillance du Secteur Financier (CSSF), making Luxembourg Coinbase’s officialcrypto hub for the region. The move allows the U.S.-based exchange toconsolidate its European operations under a single regulatory framework.

Luxembourg Becomes Strategic Base for Coinbase in EU

The MiCA license enables Coinbase to roll out its fullrange of crypto products and services across the EU’s single market. Thecompany described the development as a “pivotal moment” in its Europeanstrategy, giving it access to over 450 million people under a unifiedcompliance regime.

Coinbase said Luxembourg was chosen for its strongregulatory clarity and track record in financial innovation. The country haspassed several blockchain-related laws and is pursuing a coordinated governmentapproach to digital assets.

“Luxembourg has always been a key player in Europe’sfinancial ecosystem, and we’re delighted to share that Coinbase is officiallyestablishing its European crypto hub in this dynamic country, under the Marketsin Crypto Assets regulatory framework (MiCA),” the exchange wrote today(Friday).

Regulatory Outlook

Before obtaining the MiCA license, Coinbase operatedthrough individual national authorizations in Germany, France, Ireland, Italy,the Netherlands, and Spain. The new framework now allows the company to offerservices across the EU from one regulatory base. Coinbase joins other major exchanges such as OKX,Crypto.com, and Bybit, which have also secured MiCA licenses.

MiCA is the EU’s first major attempt at creating aunified regulatory regime for crypto assets. The framework is designed toincrease consumer protections and bring consistency to a sector previouslyregulated at the national level.

Coinbase stated that the license marks progress towardgreater compliance in Europe but urged policymakers to keep pace with globaldevelopments. The MiCA regime will begin phasing in from mid-2025.

Most recently, Bybit has received a Markets inCrypto-Assets Regulation license from the Austrian Financial Market Authority. BitGoalso secured regulatory approval to offer digital asset services across theEuropean Union.

This article was written by Jared Kirui at www.financemagnates.com.

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