CoinVoice has recently learned that, according to Reuters, informed sources have indicated that two cryptocurrency companies are about to receive licenses to operate across the European Union, as the pace and rigor of regulators issuing licenses in certain countries diverge.
According to the EU (Regulation on Markets in Crypto-assets) (MiCA), which came into effect earlier this year, EU member states can issue licenses allowing cryptocurrency companies to operate across 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 of the European Union. Previously, Malta had approved the operating licenses for OKX and Crypto.com within weeks of the new regulations coming into effect.
An informed source stated that as expectations grow that Luxembourg is about to 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 the business Coinbase plans to develop in Luxembourg is relatively small. A spokesperson for Coinbase declined to comment on the application but stated that the company employs about 200 people in Europe and is investing resources in staffing to ensure operational security. [Original link]