BlockBeats news, on June 14, according to Reuters, informed sources revealed that as the discrepancies in the speed and rigor of licensing by regulators in certain countries intensify, two cryptocurrency companies are about to obtain licenses to operate throughout the EU.
According to the EU (Regulation on Markets in Crypto-Assets) (MiCA), which came into effect earlier this year, EU member states can issue licenses that allow crypto companies to operate across the 27 countries.
Two informed sources revealed that the cryptocurrency company Gemini, founded by billionaire Winklevoss brothers, is about to receive an operating license issued by the Maltese government. Malta is the smallest member state in the EU. Previously, Malta had approved operating licenses for OKX and Crypto.com within weeks of the new regulations coming into effect.
An informed source indicated that as the outside world widely expects Luxembourg to soon grant a license to Coinbase, the debate surrounding regulation is intensifying. Although the application has been in progress for several months, some pointed out that the scale of business Coinbase plans to conduct in Luxembourg is relatively small. A spokesperson for Coinbase did not comment on the application but stated that the company employs about 200 people in Europe and has invested resources in staffing to ensure operational security.
