This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Gemini and Coinbase are close to securing EU-wide operating licenses under the new MiCA framework. Gemini is finalizing approval via Malta, while Coinbase expects its license from Luxembourg. The move highlights the EU’s push for standardized crypto regulations.
- MiCA allows a single EU license to operate across all 27 member states, streamlining regulatory compliance for crypto firms.
- Stablecoin issuers under MiCA must maintain significant reserves with European financial institutions, a rule that has deterred firms like Tether.
- ESMA is reviewing Malta’s licensing process amid concerns that smaller states may compromise enforcement standards to attract crypto businesses.
📎 Related coverage from: coincodecap.com
Related Tags: Binance ByBit Exchange Coinbase Global Inc.