Key notes
- The EU Mica frame is becoming more and more attractive for the best cryptography exchanges.
- Coinbase and Gemini are among the companies that seek to extend their regional footprint.
- Despite the growing number of mica licenses issued, the concerns about fraud increase.
Coinbase and Gemini, two of the largest cryptocurrency companies in the world, are ready to obtain licenses from the European Union countries. These licenses will grant access to exchanges to operate throughout the region.
In particular, this news occurs when the regulators of certain jurisdictions begin to express their concerns concerning the ease and speed of approvals in other countries.
Cirporto-business and mica licenses
As reported by Reuters, the twin brothers Winklevoss, Tyler and Cameron, will probably receive a license from the smallest European country, Malta. In the weeks following the introduction of new markets to Crypto Asset (MICA), OKX and Crypto.com obtained licenses in the same region. Malta is one of the nations that quickly approaches cryptographic companies, which raises concerns of other national regulators.
Similarly, Coinbase is expected to obtain a license from Luxembourg, with the during pipeline demand for several weeks. A spokesperson for Coinbase noted that Luxembourg was a “highly respected global financial center”. The spokesman also confirmed that the exchange of crypto would increase its workforce in the country by more than 20 people by the end of the year.
In accordance with EU’s license approvals, ZBD, a well-known payment company, obtained the first approval from the Dutch Authority for the Dutch Authority for the Financial Markets (AFM) in December 2024. Still in December, other companies like Moonpay, Bitstamp and Hidden Road also received Licenses from the Netherlands.
At the beginning of this year, Boerse Stuttgart Digital expanded its brokerage and exchange services with a Mica de Bafin license in Germany. Again, Bitpanda received the European Union Mica license in January from the same German regulator.
With these licenses, companies can offer their services to the 27 EU member states. Mica provides a uniform regulatory framework that cuts all these locations.
🇪🇺 Gemini and Coinbase are about to obtain licenses at the EU scale within the framework of the markets in Crypto-Active Markets (Mica), according to Reuters 🪪
– Yumi Space 🍁 (@yumispacee) June 14, 2025
Concerns concerning the speed and rigor of the approval of the Mica license
Just at the end of 2024, mica regulations were deployed in the EU with a lively accent on the stablecoins. Mica focuses on the implementation of cryptographic operations under functional rules on a playground, similar to the traditional financing system (tradfi).
As part of this regulatory framework, EU member states are authorized to issue licenses which allow cryptographic companies to operate throughout the block of 27 countries. However, some have raised concerns during close-up meetings, compared. According to some people who have requested anonymity, certain regulators have highlighted the speed at which the licenses are granted and the rigor involved.
These entities firmly believe that more attention must be given to everything that could go wrong due to the leniency with the license. Planned problems include fraud, market instability and illicit financial flows. If this industry is not supervised or if the mica rule is applied unevenly, the objective of the framework can be defeated, as the entities concerned have indicated.
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Benjamin Godfrey is a blockchain enthusiast and a journalist who savor the writing of actual applications for blockchain technology and innovations to stimulate general acceptance and global integration of emerging technology. His desire to educate people on cryptocurrencies inspires his contributions to renowned media and blockchain sites.
