Coinbase Receives MiCA Authorization Across EU

Coinbase has been granted authorization under the European Union’s Markets in Crypto-Assets (MiCA) regulation, enabling it to offer crypto services across all 27 member states of the EU.

This approval will be handled through a new regional hub established by Coinbase in Luxembourg. This hub will serve as its primary operational base within the unified regulatory framework for digital assets under MiCA.

By consolidating existing registrations and licenses, Coinbase can now operate more efficiently across several European countries, including Germany, France, Ireland, Italy, the Netherlands, and Spain, all under one comprehensive framework. This aligns with the goal of offering regulated crypto services throughout the EU without needing individual approvals in each jurisdiction.

Strategic Location in Luxembourg

Luxembourg has been chosen as Coinbase’s central European hub due to its favorable regulatory environment and ongoing engagement with emerging financial technologies. The country has enacted multiple blockchain-related laws, and the financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), supports this initiative by setting operational standards in line with MiCA.

Coinbase representatives noted that choosing Luxembourg reflects the country’s regulatory clarity and commitment to digital finance. This move is seen as part of broader efforts to provide access to crypto services for around 450 million people across the Union.

While MiCA provides a harmonized legal framework, Coinbase officials emphasized the need for continued political support and additional policy initiatives to maintain momentum in digital finance, with an eye toward enhancing Europe’s global competitiveness.