According to Foresight News, cryptocurrency asset management firm CoinShares has received regulatory approval under the European Union's Markets in Crypto-Assets (MiCA) framework. This license was granted by the French Financial Markets Authority (AMF) and includes CoinShares' existing permissions under the EU's MiFID and AIFM directives.
Following the announcement, CoinShares' stock price rose by 1.7% to 120 Swedish kronor, approximately $12.66. Since the beginning of the year, the company's stock has increased by 46%.