Coinbase, Gemini to Obtain EU Crypto Licenses – Coincu
The post Coinbase, Gemini to Obtain EU Crypto Licenses – Coincu appeared on BitcoinEthereumNews.com.
Key Points: Coinbase and Gemini secure EU crypto licenses. Expands reach to 27 European countries. Concerns about regulatory enforcement consistency. Coinbase and Gemini are set to receive crypto licenses from Luxembourg and Malta, respectively, enabling operations in 27 EU countries under MiCA regulations. This event underscores regulatory tensions within Europe concerning licensing processes and raises questions about enforcement across member states. Coinbase and Gemini Pursue EU Expansion with New Licenses Coinbase and Gemini are advancing their European presence by obtaining licenses from Luxembourg and Malta, respectively, enabling access across 27 countries under the MiCA framework. This regulatory move highlights their strategic focus on expanding EU operations and adhering to compliance mandates. Concerns about rapid licensing approvals in Malta have emerged, amid fears of regulatory oversight convergence. High-speed approvals for major exchanges, including OKX and Crypto.com, raise questions within the European regulatory community regarding enforcement consistency. The French AMF and ESMA officials have voiced skepticism about Malta’s approval speed, considering it potentially a step towards a “regulatory race to the bottom.” However, no formal statements have been issued on official platforms. Notably, Coinbase is set to increase its Luxembourg-based compliance team as part of its strategy. Malta’s Fast-Tracked Licenses Stir Regulatory Concern Did you know? Malta’s quick crypto licensing contrasts sharply with France’s measured pace, showcasing differing national approaches to balancing technological advancement and regulatory caution under MiCA. Bitcoin (BTC), priced at $105,139.06, holds a market cap of $2.09 trillion with a 63.82% dominance, as per CoinMarketCap. Recent metrics show a 24-hour trading volume of $36.15 billion, marking a slight decrease. Over the past 90 days, Bitcoin’s price surged by 25.73%. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 01:14 UTC on June 16, 2025. Source: CoinMarketCap Coincu research indicates that expanding regulatory frameworks like MiCA may fortify industry trust, yet uneven…
Filed under: News - @ June 16, 2025 1:19 am