{"id":35756,"date":"2025-06-17T17:43:22","date_gmt":"2025-06-17T17:43:22","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=35756"},"modified":"2025-06-17T17:43:22","modified_gmt":"2025-06-17T17:43:22","slug":"gemini-and-coinbase-edge-closer-to-eu-licenses-amid-tensions","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/gemini-and-coinbase-edge-closer-to-eu-licenses-amid-tensions\/","title":{"rendered":"Gemini and Coinbase Edge Closer to EU Licenses Amid Tensions"},"content":{"rendered":"\n

Coinbase and Gemini, two significant players in the cryptocurrency exchange arena, are on the cusp of obtaining licenses to operate throughout the European Union. This development comes as a variety of regulatory inconsistencies emerge among EU member states.<\/p>\n

<\/span>Coinbase and Gemini Pursue EU Regulatory Licenses<\/span><\/h2>\n

According<\/a> to reports, Gemini, launched by the Winklevoss twins, is likely to receive a pivotal license from Malta, the EU\u2019s smallest nation. This move follows Malta\u2019s prior successful licensing of other cryptocurrency entities such as OKX and Crypto.com.<\/p>\n

Similarly, Coinbase is nearing the finish line for a license in Luxembourg, positioning itself as the first crypto exchange from the US to secure a license under revised EU regulations.<\/p>\n

While the licensing application process has extended over several months, sources close to the matter reveal that Coinbase\u2019s operations in Luxembourg might initially be \u201cfairly modest.\u201d<\/p>\n

A company spokesperson informed reporters that Coinbase currently employs about 200 people across Europe, highlighting an ongoing commitment to enhance staff capabilities for operational security.<\/p>\n

The expected approval for Coinbase aligns with a backdrop of deteriorating relations between the cryptocurrency sector and Ireland, where skepticism about crypto has intensified, with officials comparing it to a Ponzi scheme.<\/p>\n

Despite this, the overall licensing framework has faced scrutiny from multiple national regulators unhappy about the brisk pace and thoroughness of approvals.<\/p>\n

<\/span>Regulatory Concerns Surround Fast-Tracked Licensing<\/span><\/h2>\n

The newly introduced Markets in Crypto-Assets (MiCA) regulation aims to synchronize cryptocurrency operations within the traditional financial oversight landscape, allowing member states to issue licenses for crypto firms operating across the bloc of 27 countries.<\/p>\n

Regulators highlight concerns that lenient enforcement could jeopardize the intended regulatory framework, potentially paving the way for issues like market fraud and instability.<\/p>\n

The rapid issuance of licenses in Malta has prompted concerns among various EU regulators, particularly those convening under the European Securities and Markets Authority (ESMA).<\/p>\n

France\u2019s Autorit\u00e9 des March\u00e9s Financiers (AMF) has issued a warning that insufficient supervision from ESMA might result in a \u201crace to the bottom\u201d in regulatory standards.<\/p>\n

Additionally, questions have been raised regarding the regulatory workforce in countries like Malta, which could hinder the strength of their licensing protocols.<\/p>\n

In defense, the Malta Financial Services Authority countered that its swift licensing procedures are based on established experience and adherence to stringent anti-money laundering measures. Up to now, Malta has granted four crypto licenses since the MiCA regulations rolled out.<\/p>\n

The ongoing dialogues within the EU underscore the intricate interplay between member states competing for global business opportunities. Though the EU stands as a unified trading bloc, individual nations often clash over attracting crypto firms, resulting in regulatory discrepancies.<\/p>\n

<\/p>\n

Image courtesy of Shutterstock, chart provided by TradingView.com.<\/p>\n","protected":false},"excerpt":{"rendered":"

Coinbase and Gemini, two significant players in the cryptocurrency exchange arena, are on the cusp of obtaining licenses to operate throughout the European Union. This development comes as a variety of regulatory inconsistencies emerge among EU member states. Coinbase and Gemini Pursue EU Regulatory Licenses According to reports, Gemini, launched by the Winklevoss twins, is […]<\/p>\n","protected":false},"author":14,"featured_media":35757,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Gemini and Coinbase Edge Closer to EU Licenses Amid Tensions - Bitrabo","description":"Coinbase and Gemini, two significant players in the cryptocurrency exchange arena, are on the cusp of obtaining licenses to operate throughout the European Unio"},"footnotes":""},"categories":[316],"tags":[2723,660,504,1074,2297,2721,1140,9071],"class_list":["post-35756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-brink","tag-coinbase","tag-crypto","tag-gemini","tag-giants","tag-licenses","tag-regulatory","tag-tensions"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/35756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=35756"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/35756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/35757"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=35756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=35756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=35756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}