CoinShares Becomes First European Crypto Asset Manager to Obtain MiCA License

CoinShares’ MiCA authorization positions it as a leader in regulated crypto asset management, enhancing compliance for institutional investments across the EU.

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Summary

CoinShares has received a MiCA license from France's AMF, marking it as the first regulated asset management firm in continental Europe under the MiCA regulation. This approval allows CoinShares to offer professional investment management services across the EU, complementing its existing licenses. CEO Jean-Marie Mognetti highlighted the significance of this milestone for the broader digital asset industry. Following the announcement, CoinShares' stock rose by 1.7% to 120 SEK, reflecting a year-to-date increase of over 46%.

Terms & Concepts
  • MiCA license: The Markets in Crypto-Assets (MiCA) license regulates crypto asset service providers in the EU, ensuring compliance and investor protection.
  • AMF: The Autorité des marchés financiers (AMF) is the French financial market regulator responsible for overseeing market participants and protecting investors.