Coinbase has obtained its trademark markets (mica) from the Surveillance du Secce Secry Financier (CSS) commission of Luxembourg, marking a significant legislation stone that allows them to offer its complete range of services in all 27 member states of the European Union.
The license allows Coinbase to serve about 450 million Europeans in a unified regulatory framework, consolidating the existing operations of the company through multiple European jurisdictions. Previously, Coinbase held separate licenses in Germany, France, Ireland, Italy, the Netherlands and Spain.
“This milestone marks a significant step and allows us to operate in a unified and regulated cryptographic environment in one of the largest economic regions in the world, consolidating the coinbase position as a global leader in compliance and regulatory innovation,” said Daniel Seifert, writing for the international coinbase division.
Luxembourg has been selected as European Bitcoin of Coinbase and cryptographic hub due to its consolidated financial approach and regulatory approach to Blockchain technology. The country has implemented four blockchain policies through its national legislature and maintains what officials describe as an “interact-government approach” to accountant technology.
“Luxembourg has long been a far -sighted financial center, demonstrating an unwavering commitment to promote innovation,” Sefernt observed. “By choosing Luxembourg, we are positioning ourselves in a jurisdiction that includes the needs of the cryptocurrency industry and excels in regulatory clarity.”
The Framework Mica, which this year has entered full effect throughout the EU, establishes regulations for the Bitcoin and Crypto activities of activities, including negotiation, custody and emission. The framework aims to provide legislation certainty by protecting consumers and maintaining financial stability.
“While not laid the foundations for a flourishing cryptographic ecosystem, it is equally important that politicians continue to lead rapid and ambitious initiatives to maintain the competitive advantage of Europe on the global phase,” said Seifert.
This expansion strengthens the global presence of Coinbase as traditional institutions and governments all over the world develop paintings for the regulation of bitcoin and cryptocurrency. The company can now offer bitcoin and cryptocurrency services to European customers based on a single regulatory umbrella rather than navigate in separate national requirements.