Gemini and Coinbase to Tap EU Market With MiCA Licenses
Both companies are securing the MiCA Licenses from different sources.
Gemini and Coinbase to Tap EU Market With MiCA Licenses
Markets in Crypto-Assets Regulation (MiCA) License is a mandatory and critical regulatory framework established by the European Union (EU) to govern crypto-assets management and related services. Two of the biggest names in the crypto world, Coinbase and Gemini, are on the verge of getting approved under this EU’s MiCA rules. If the both companies can achieve this license, they'll be able to operate their crypto platforms across all the 27 EU countries. Gemini, launched by Cameron and Tyler Winklevoss, is a crypto exchange where you can buy, sell, and store Bitcoin, Ethereum, and other digital currencies. On the other hand, Coinbase is the biggest U.S.-based crypto platform that lets users trade, hold, and manage a wide range of cryptocurrencies with a beginner-friendly app. Both crypto companies are now pushing to get MiCA licenses. The MiCA Licenses standardize rules for crypto-asset service providers (CASPs) and issuers across all 27 EU member states. This, indeed, helps in replac…
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