The license gives the right to provide a full range of services, including trade, storage and payments in cryptocurrencies, 450 million inhabitants of the EU countries.
Coinbase vice-president, regional managing director of Europe, the Middle East and Africa Daniel Seifert, said that earlier Coinbase had already worked in Europe, having separate permissions of regulators of Germany, France, Ireland, Italy, the Netherlands and Spain.
“The new license combines all previous permits and allows us to work in one of the largest economic regions of the world according to the unified regulation standards,” said Daniel Zabert.
Earlier, Director General of the Cryptocurrency portfolio of the British company Iconomi Peter Curk declared In an interview with Decrypt, that the choice of cryptocurrencies of small EU countries, such as Malta, with less strict and more advanced regulation, may negate the efforts of European regulatory departments.
“Although the Mica rules were originally developed to harmonize the supervision of cryptocurrencies, the level and possibilities of regulation in different EU member states may vary significantly, and we risk encountering standards, which will weaken consumer protection and cross-border trust,” said Peter Kerk.
Now, in addition to Coinbase, Mica licenses for working in the EU have such crypto platforms as OKX, Crypto.com and Bybit.
Source: Bits
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