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Coinbase and Gemini are on the verge of securing EU-wide operating licenses under the bloc’s new MiCA framework. However, the rapid approvals have sparked tensions among national regulators over oversight and enforcement consistency.
- Gemini is close to securing a Malta license, joining OKX and Crypto.com as early MiCA-approved exchanges.
- Coinbase is expected to receive Luxembourg's first MiCA license for a US-listed crypto firm, expanding its EU presence.
- EU regulators are divided over licensing speed, with France warning of a 'race to the bottom' in standards.
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