INSUBCONTINENT EXCLUSIVE:
Crypto exchanges Gemini and Coinbase are reportedly set to secure licenses to operate in the European Union, marking a significant step in
their expansion under the newly implemented Markets in Crypto-Assets (MiCA) regulations
Gemini is on track to receive approval from Malta, while Coinbase is expected to obtain its license through Luxembourg, Reuters reported
Monday, citing unnamed sources familiar with the matter.A Coinbase spokesperson declined to comment on the specific application but told
EU under the MiCA framework
As previously reported by Cointelegraph, Bybit recently gained regulatory approval to operate in the region via Austria.In January, Binance
in June 2024, with full implementation following in December after the European Securities and Markets Authority (ESMA) issued final
guidance for EU member states.MiCA is designed to create regulatory consistency across the region while strengthening investor protection
and promoting financial stability.Related: Europe gears up to regulate DeFi in 2026 as MiCA leaves sector in limboWhile MiCA has been
welcomed by some industry observers for bringing greater clarity to the rapidly evolving crypto asset space, not all feedback has been
USDt issuer Tether has declined to pursue registration under MiCA.Nevertheless, at least 10 other stablecoins have been approved under the
how, as of February, ten entities in the EU were permitted to operate stablecoins
