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Coinbase has successfully secured a Markets in Crypto-Assets (MiCA) license from the Luxembourg financial regulator, CSSF. This significant milestone enables the company to offer its crypto services across all 27 European Union member states.
The new EU crypto hub in Luxembourg will provide seamless and regulated access to the entire European market, allowing Coinbase’s users to engage with a broader range of digital assets. The company has previously held licenses in Germany, France, Ireland, Italy, the Netherlands, and Spain. With this comprehensive license, all these individual efforts are now consolidated into a single, centralized operation.
The recent move underscores Coinbase’s commitment to building its services within legally sound frameworks. Luxembourg has made significant strides in blockchain regulation, fostering an innovative environment that attracts several digital asset firms seeking regulatory clarity. The country has passed multiple blockchain laws, solidifying its position as a compliant and pro-innovation jurisdiction.
The MiCA license grants Coinbase the authority to provide its full range of digital assets to users across the EU. This enhanced compliance ensures consumer protection, asset custody, and financial transparency. Furthermore, it standardizes regulatory processes across the region, allowing for increased consistency in services.
Source: coincentral.com
