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Coinbase has made history by securing EU-wide crypto license under the Markets in Crypto-Assets (MiCA) regulation. This development marks a significant milestone for the exchange as it now can legally offer its services across all 27 member states of the European Union.
According to an official statement, Coinbase, the largest US-based cryptocurrency exchange and wallet service provider, has confirmed that the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg’s financial watchdog, has granted it the necessary license to operate in the EU. This approval signifies a turning point for Coinbase’s European strategy as it shifts its regional headquarters from Ireland to Luxembourg.
The MiCA framework is designed to establish a unified set of rules for digital assets across the European Union. It aims to protect consumers, ensure compliance, and reduce regulatory fragmentation across regions. With this approval, Coinbase has become the first American crypto exchange to secure formal recognition under this system.
Luxembourg’s forward-thinking approach to digital innovation makes it an attractive jurisdiction for Coinbase. The company notes that the country has passed four blockchain-related laws in recent years and continues to lead digital finance policy efforts at the national level.
Source: cryptoslate.com
