Gemini is set to receive approval from Malta, while Coinbase is expected to get the green light from Luxembourg, according to Reuters.
Crypto exchanges Gemini and Coinbase are reportedly set to secure licenses to operate in the European Union, marking a significant step in their expansion under the newly implemented Markets in Crypto-Assets (MiCA) regulations.
Gemini is on track to receive approval from Malta, while Coinbase is expected to obtain its license through Luxembourg, Reuters reported Monday, citing unnamed sources familiar with the matter.
A Coinbase spokesperson declined to comment on the specific application but told Reuters that Luxembourg is a “well-respected global financial center.”
