The largest Crypto exchange platform based in the US is the correct license to operate in Luxembourg because it establishes a crypto hub in the European Union (EU).
In a new one Blog postCoinbase announces that it has protected its markets in Crypto Assets (MICA) license from the Luxembourg Commission The Surveillance du Secteur Financier (CSSF), so that it can fully operate in all 27 EU member states.
“With this milestone we can offer a full series of crypto products and services to 450 million people in all 27 Member States of the European Union.
Luxembourg has always been an important player in the financial ecosystem of Europe, and we are pleased to share that Coinbase is officially established its European crypto -hub in this dynamic country, under the markets in Crypto Assets Regulatory Framework (MICA). ”
According to Coinbase, Luxembourg was chosen because it offers regulatory clarity when it comes to crypto assets, because it has taken four accounts in its national legislative power with regard to blockchain technology.
“By choosing Luxembourg, we position ourselves in a jurisdiction that understands and excels the needs of the crypto industry in the clarity of the regulations.
Luxembourg actively strives for a whole government approach to Blockchain and DLT (distributed ledger technology) and has adopted four blockchain-related policy by the national legislative power. This new hub represents a milestone step forward for Coinbase in Europe and strengthens the broader innovation ecosystem. “
Mica is an extensive regulatory framework that was formally adopted by the European Parliament in 2023 and offers clear guidelines on digital assets, stablecoins, crypto portfolios, as well as crypto service providers.
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