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Coinbase Secures MiCA License in Luxembourg, First US Crypto Exchange Authorized in EU

Coinbase's MiCA license from Luxembourg's CSSF enables it to provide crypto services across all EU member states, enhancing regulatory compliance in Europe.

Summary

Coinbase has secured a MiCA license from Luxembourg’s CSSF, allowing it to operate throughout the EU and marking it as the first U.S. crypto exchange authorized under MiCA. This license enables Coinbase to offer a full range of crypto services, contributing to the standardization of crypto regulations and enhancing consumer protection in Europe.

Terms & Concepts
  • MiCA license: A regulatory framework under the EU's Markets in Crypto-Assets regulation, providing a licensing system for cryptocurrency service providers.
  • CSSF: The Commission de Surveillance du Secteur Financier, Luxembourg's financial regulatory authority overseeing the financial sector.
  • European Economic Area (EEA): A region comprising the EU countries and three additional countries (Iceland, Liechtenstein, and Norway) that allows for free movement of people, goods, services, and capital.