Coinbase has secured its purchases on Crypto Assets (MICA) by the Luxembourg committee de Surveillance du Secteur Financier (CSSF), allowing it to provide the full suite of encryption products in all 27 EU Member States.
Coinbase officially creates its European cryptographic hub in Luxembourg, according to the markets of the encryption framework (MICA).
Coinbase commented:
“Luxembourg has long been an economic hub, demonstrating a steady commitment to promote innovation. By choosing Luxembourg, we place ourselves in a jurisdiction that understands the needs of the cryptographic industry and excels in regulatory clarity.”
In recent years, Coinbase has worked closely with regulators across Europe, securing licenses in Germany, France, Ireland, Italy, the Netherlands and Spain.