Coinbase secures a crypto regulatory license under the EU's Markets in Crypto-Assets (MiCA) framework via Luxembourg's financial regulator.
The license enables Coinbase to offer crypto services across all EU and EEA countries with 'passporting' rights.
Coinbase strategically selects Luxembourg for its regulatory environment and financial hub status.
Luxembourg's implementation of MiCA positions it as a leader in regulatory clarity and efficiency.
Coinbase can now provide its services across Europe without the need for local licenses, enhancing institutional confidence.
Some EU policymakers express concerns about regulatory discrepancies among countries like Luxembourg, but Coinbase's compliance record may set industry standards.
Coinbase's EU expansion is expected to lead to tailored services for European markets, broader crypto adoption, and influence on MiCA implementation.
This move highlights the contrast between Europe's pro-innovation regulatory stance and a more uncertain and enforcement-focused U.S. approach.