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Coinbase has secured a significant Markets in Crypto-Assets (MiCA) license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF), granting it permission to offer regulated crypto services across all 27 EU member states. This monumental step marks a major milestone in the company’s long-term expansion strategy for Europe.
As part of this development, Coinbase will be establishing its European crypto operations hub in Luxembourg. This strategic move aligns with the country’s supportive regulatory environment and blockchain-friendly policies.
The newly acquired MiCA license allows Coinbase to streamline its operations under one unified compliance standard, removing the need for individual national regulatory approvals in each EU member state. This streamlined approach enables the company to access a potential user base of approximately 450 million users across Europe.
In a statement, Coinbase emphasized that this license signals significant progress in the European Union’s efforts to harmonize crypto regulations. The exchange expressed its commitment to working closely with policymakers to maintain momentum and drive further digital asset policy reforms.
This decision has set a new precedent for centralized crypto regulation in Europe, bolstering Coinbase’s position as a global provider of crypto services.
Please note that there is no direct access to all the 450 million potential users.
Source: blockonomi.com
