The post Gemini and Coinbase set to secure EU licenses appeared on BitcoinEthereumNews.com.

Coinbase and Gemini, two of the largest cryptocurrency firms globally, are set to obtain licenses to operate across the European Union under the bloc’s new Markets in Crypto-Assets (MiCA) regulation. MiCA, which came into force earlier this year, allows EU member states to issue licenses that grant crypto companies access to all 27 member countries. However, sources familiar with the matter say the licensing process has sparked internal disputes among regulators, with concerns raised over the pace and standards of approvals in some jurisdictions. Two individuals briefed on the discussions, who requested anonymity, noted growing unease in private talks about inconsistent regulatory approaches. Malta’s quick approval process sparks debate in the regulatory landscape  The supervision of the multi-trillion-dollar crypto industry is at risk. Regulators have repeatedly warned that this industry could lead to fraud, market instability, and illegal financial activities without proper oversight.  As a result, MiCA is seeking to bring crypto under the same regulatory roof as traditional finance. However, some people worry that uneven enforcement might weaken its objectives.  Meanwhile, Gemini, an American cryptocurrency exchange founded in 2014 by Cameron and Tyler Winklevoss, is set to obtain a license to trade from Malta, the smallest country in Europe, two people familiar with the matter said. Malta previously granted licenses to OKX and Crypto.com just weeks after unveiling its new regime. OKX said it went through a rigorous application and that compliance is extremely important to the company. The speed at which Malta is granting these approvals has caught the attention of other national regulators who gather under the European Securities and Markets Authority (ESMA). France’s AMF has expressed concern that ESMA’s lack of direct power might result in a “regulatory race to the bottom.”  Moreover, a senior regulatory official, who asked to remain anonymous, mentioned worries about accepting licenses…

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Filed under: News - @ June 14, 2025 5:23 am