The new brilliant regulation of the cryptocurrencies of the European Union is finally at stake and the crypt weights are not wasteing time. Based on the regulation on the markets of crypto-asset (mica), several large exchanges are on the right way to make their passports work in all 27 EU countries. But behind the scenes, the regulators are become nervous. It is a huge opportunity for the EU cryptocurrency market, but also a test of how regulators can enforce new rules.
Gemini, Okx and Coinbase want
First, twins. The exchange led by Winklevoss is nearby be authorized In Malta, a move that would do it allow You need the whole European Union. Malta has already distributed licenses to Okx and Crypto.com. Now, according to what reported, Luxembourg is preparing to approve coinbase, which would add even more fire power to the growing list of platforms compliant with the mica.
Breaking news: Mica adoption in Europe by 2025 will have an impact on cryptographic investors significantly. https://t.co/hipqtxlpr – #Mica #Cryptainvestors #Europe2025 pic.twitter.com/xmaqd7gxfa
– Rayan Bibiloni (@rayan_bibiloni) June 13, 2025
In theory, once a company is authorized in an EU country, it can operate through the block. This is Mica’s promise: without solution of continuity and a field of equal. But reality It is more disordered.
The regulators are raising the eyebrows
Some national guard dogs are not so sure of how quickly things move, especially in smaller countries such as Malta. Their concern? Those reviews of light touch could let the scarcely controlled companies slide through the cracks and still work throughout the EU.
France regulators are particularly worried. They warned that if this turns into a tender to distribute the licenses quickly, we could end up with a patchwork system that promotes speed on safety. Esma, the European authority and market authority authority is looking closely and plans to issue a relationship on what sees how “regulatory arbitrage. “
Discover: 20+ Next Crypto to be exploded in 2025
Malta says: we know what we are doing
Malta is not retreating. The officials there claim to have built the experience and staff to correctly manage mica applications. They have already approved four licenses and say that the process is deepened, even if it is faster than in some larger countries.
However, concerns lingers. According to reports, a source of the EU said that regulators are uncomfortable for the weight that the smallest states will lead to establish the bar for compliance through the block. If a regulator is wrong, it affects all 27 countries.
Power Play in Luxembourg, cold shoulder of Ireland
Luxembourg seems ready to emit the coinbase license soon, which would be a great victory for both the country and the exchange. Luxembourg has long been a hub for financial services and this move would further consolidate its position of cryptographic jurisdiction.
Ireland, however, is adopting the opposite approach. His central bank was openly critical of cryptocurrency, with the governor who compared parts of the sector with the Ponzi patterns. That rigid position could make more difficult for Ireland attracting high -level cryptocurrencies looking for a European base.
Find out: Next 1000x Crypto: 10+ token crypt that can affect 1000x in 2025
What’s at stake for users and the market
Mica It should bring order to the chaos of the crypto regulation in Europe. If it works, investors get protection, exchanges get clarity and innovation Continues to move. But If national regulators attract several directions, the Total The system could buckle.
The global cryptocurrency market is worth more than $ 3 trillions. This type of money needs guardrail, it does not escape. Everyone is trying to avoid another FTX size mess, but getting the balance between safety and speed is proving to be.
What comes later
All eyes are on the next move of Esma. They will hold the standards or allow Member States continue TO interpret The rules in their own way? The way in which Europe manages this launch will give the tone to the regulation of global cryptocurrencies. The future of the EU cryptocurrency market may depend on how Esma manages the growing concerns about regulatory refereeing.
The clock is ticked. And nobody wants to be the weak link.
DISCOVER: 20+ Next Crypto to be exploded in 2025
Join 99 bitcoins news discord here for the latest market updates
Keyway keyway
-
Gemini, Okx and Coinbase are running to gain access at EU level pursuant to Mica ensuring licenses in Malta and Luxembourg.
-
National regulators such as France and agencies such as ESMA are warning on the regulatory refereeing and the supervision of loose in small EU states.
-
Malta defends her process, claiming experience and personal can support the responsible implementation of Mica despite the rapid approvals.
-
Luxembourg is advancing Coinbase’s approval, while Ireland is rejecting the cryptocurrency, citing market risks and concerns of Ponzi.
-
The success or failure of the implementation of Mica will modify the future of the regulation of cryptocurrencies throughout the EU and could ripple in global policy.
Post-traces rapid post-traces cryptocurrencies arouse the debate in the new era of the EU rule, appeared first out of 99 bitcoins.