The largest American crypto exchange platform in commercial volume obtains the right license to operate in Luxembourg because it establishes a crypto-hub in the European Union (EU).
In a new blogCoinbase announces that it has obtained its markets in cryptocurrency license (MICA) of the Luxembourg Commission Supervisory Surveillance Commission (CSSF), allowing it to fully operate in the 27 EU member states.
“This step allows us to offer a full suite of cryptographic products and services to 450 million people in the 27 member states of the European Union.
Luxembourg has always been a key player in the Europe’s financial ecosystem, and we are delighted to share that Coinbase officially establishes its European crypto center in this dynamic country, under the markets of Crypto Assets Reguulatory Framework (Mica). »»
According to Coinbase, Luxembourg has been chosen because it offers regulatory clarity with regard to cryptographic assets because it has adopted four bills in its national legislature linked to blockchain technology.
“By choosing Luxembourg, we position ourselves in a jurisdiction which includes the needs of the cryptography industry and excels in regulatory clarity.
Luxembourg actively pursues a total approach to the Blockchain Government and the DLT (Technology Ledger Distributed Ledger), and has adopted four policies related to blockchain through the national legislature. This new center represents a point step for Coinbase in Europe and strengthens the wider ecosystem of innovation. »»
Mica is a complete regulatory framework which was officially adopted by the European Parliament in 2023 and offers clear advice on digital assets, stablecoins, cryptographic wallets, as well as crypto service providers.
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