Crypto exchanges Gemini and Coinbase are anticipated to secure licenses to operate in the European Union under the Markets in Crypto-Assets (MiCA) regulations. Reports indicate that Gemini is expected to receive approval from Malta, while Coinbase is set to obtain its license through Luxembourg. A representative from Coinbase remarked on Luxembourg's reputation as a well-respected global financial center. This move aligns with other major exchanges, like Bybit and others, who are seeking regulatory approval in the EU. Though MiCA aims to provide regulatory clarity and enhance investor protection across the region, some industry experts have raised concerns about interpretive uncertainties within the framework, especially regarding stablecoin regulations. Despite the Early signs showing lukewarm adoption of stablecoins under MiCA, various entities have been permitted to operate stablecoins in the EU, indicating ongoing industry adaptation to these new regulations.

Source đź”—