PANews July 23 news, according to CoinDesk, European crypto asset management company CoinShares announced that it has obtained a license from the European Union (Markets in Crypto-Assets Regulation) (MiCA), becoming the first European crypto asset management company to receive this license. The license was issued by the French Financial Markets Authority (AMF), allowing CoinShares to provide crypto asset portfolio management services across the 27 EU countries, in conjunction with its existing MiFID and AIFM licenses, forming a triple regulatory qualification. CoinShares stated that this milestone is expected to further open the EU's $38.7 trillion asset management industry to compliant crypto investment products. So far, the company's assets under management exceed $9 billion, and its stock price has risen more than 46% this year.
