Coinbase MiCA License Helps Enter Europe As US Regulatory Battles Escalate: Report

Key Points:

• The Coinbase MiCA License located in Europe is being evaluated.
• The choice hinges on securing a trusted and tier-one regulator.
• The MiCA license opens doors to the entire European market for crypto firms.

Coinbase MiCA license location in Europe amid regulatory challenges in the US. The decision is pivotal for its European growth, as per DLNews.

Coinbase, a prominent cryptocurrency exchange, is considering expansion into the European market. Vice President of International Policy, Tom Duff Gordon, revealed that the company is exploring options for obtaining the EU Crypto Asset Market Regulation (MiCA) license.

Coinbase’s Decision-Making Process

Coinbase MiCA License allows crypto firms to operate across Europe after obtaining a license from a specific member state. Gordon emphasized the importance of selecting a trustworthy regulator and access to talent. Coinbase hopes to find a hub that aligns with their vision for the crypto space. This decision is significant as Coinbase is facing regulatory challenges in the US.

CEO Brian Armstrong has criticized US regulators for unfair regulations. The MiCA license offers an opportunity for crypto companies to expand their reach in Europe. However, before gaining access to the entire market, they must choose a member state for licensing.

Coinbase is actively pursuing individual registrations from various EU member states and recently secured registration with the Spanish central bank. Additionally, Italy, Ireland, and the Netherlands have been added to Coinbase’s list of European locations in the past year.

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