• Latest
  • Trending
Crypto giants Gemini and Coinbase set to expand footprint across EU nations

Crypto giants Gemini and Coinbase set to expand footprint across EU nations

June 18, 2025
Top 3 African countries that tax crypto and their current stance

Top 3 African countries that tax crypto and their current stance

September 6, 2025
Edtech startup The Invigilator raises $11 million to scale its AI platform

Edtech startup The Invigilator raises $11 million to scale its AI platform

September 6, 2025
iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

September 6, 2025
OpenAI challenges LinkedIn with new AI-powered hiring platform

OpenAI challenges LinkedIn with new AI-powered hiring platform

September 6, 2025
Tanzanian fintech NALA takes its services to Kenya

Tanzanian fintech NALA takes its services to Kenya

September 6, 2025
Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

September 5, 2025
Meta Brings Back Facebook Poke with Emojis and Streaks

Meta Brings Back Facebook Poke with Emojis and Streaks

September 5, 2025
Know why they’re calling: Truecaller launches AI-powered insights

Know why they’re calling: Truecaller launches AI-powered insights

September 5, 2025
Visa harnesses local partnerships to launch Visa Pay in DR Congo

Visa harnesses local partnerships to launch Visa Pay in DR Congo

September 5, 2025
Betika denies recent reports of security breach

Betika denies recent reports of security breach

September 5, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Cryptocurrency

Crypto giants Gemini and Coinbase set to expand footprint across EU nations

Abimbola Samuel by Abimbola Samuel
June 18, 2025
144 6
0
Crypto giants Gemini and Coinbase set to expand footprint across EU nations

Crypto giants Gemini and Coinbase set to expand footprint across EU nations

465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

Gemini, the U.S.-based crypto exchange, and Coinbase, the first crypto firm listed on the S&P 500, are on the verge of securing licences to operate across the European Union (EU) under the Markets in Crypto-Assets (MiCA) regulation.

The milestone would expand the two crypto giants’ presence in the growing EU market, even as it exposes growing friction among regulators over the speed and consistency of crypto licensing.

Malta and Luxembourg take the lead

According to Reuters, Gemini is close to securing approval from Malta, which has been quick to approve crypto firms under MiCA since the regulation came into effect earlier this year.

A spokesperson for the Malta Financial Services Authority stated that four crypto licences have been granted so far and that the country’s experience with supervising crypto companies contributed to the rapid approvals.

RelatedPosts

Ethiopia suspends new crypto mining power deals to protect domestic supply

Coinbase, Perplexity AI partner to deliver real-time crypto data to traders

EU ignores Binance and Tether, grants MiCA licences to 53 crypto firms

“Expedited processing was due to its in-depth understanding acquired over these years,” the spokesperson explained, adding that local anti-money laundering standards remain stringent.

Meanwhile, Coinbase, the first U.S.-listed crypto exchange to join the S&P 500, is expected to obtain its MiCA licence through Luxembourg.

A Coinbase spokesperson, while declining to comment on the specific licensing application, described Luxembourg as a high-bar, well-respected global financial centre, and added that the company plans to expand its Luxembourg office by hiring more than 20 people by the end of the year.

Regulatory rift within the EU

This presents a major opportunity for the two global crypto giants, as MiCA allows any license granted by a single EU member state to unlock access to all 27 countries in the bloc.

However, concerns are mounting. France’s financial regulator, the Autorité des marchés financiers (AMF), has openly cautioned that the European Securities and Markets Authority (ESMA), lacking direct licensing power, could trigger a regulatory race to the bottom, with nations competing to lure crypto firms.

The risks are substantial. While the global cryptocurrency market is now valued at roughly $3.3 trillion, past debacles—most notably the 2022 collapse of U.S. exchange FTX—have left regulators on high alert.

MiCA was introduced to bring clarity, investor protection, and market stability to the digital asset sector by harmonising rules across EU member states. Yet national authorities still retain licensing power, even as ESMA pushes for greater oversight authority.

While many in the crypto industry have welcomed MiCA’s clarity, others remain critical of specific provisions.

A central concern has been the regulation of stablecoins — cryptocurrencies pegged to stable assets, such as the U.S. dollar or the euro. One of MiCA’s more controversial clauses requires stablecoin issuers to hold a significant portion of reserves in European banks.

This rule has already impacted market behavior. Tether, issuer of the popular USDt stablecoin, has opted not to register under MiCA.

However, other issuers — including Circle, Crypto.com, Fiat Republic, and Société Générale — have successfully received approvals.

Even so, the adoption of MiCA-compliant stablecoins has been slow. Fabio Panetta, Governor of the Bank of Italy and former European Central Bank official, remarked that in Italy, MiCA has not led to significant stablecoin adoption. Instead, he observed a shift in interest toward custodial and trading services.

Tags: CoinbaseCryptoEuropean UnionGeminiMiCA
Abimbola Samuel

Abimbola Samuel

Experienced crypto writer with 2+ years of expertise. Skilled researcher and analyst delivering high-quality articles. Providing insightful perspectives on the latest crypto trends.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.