Markets in Crypto Assets (MiCA)

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Coinbase secures EU crypto license, swaps Ireland for Luxembourg as main hub
CNBCยท 2025-06-20 13:47
Group 1 - Coinbase has obtained a Markets in Crypto Assets (MiCA) license from Luxembourg, establishing it as a central hub for crypto services in the European Union [1][3] - The MiCA regulation aims to create a unified legal framework for crypto across all 27 EU member states and to mitigate risks for consumers following various scandals in the sector [2] - Coinbase is the first U.S. crypto exchange to receive a MiCA license, while rival Gemini is expected to obtain its EU license from Malta soon [3] Group 2 - The CEO of Coinbase, Brian Armstrong, emphasized the company's commitment to Europe and its advocacy for the future of crypto on the continent, highlighting Luxembourg's favorable business environment and regulatory approach [3]