Gemini and Coinbase are advancing toward regulatory authorization in the European Union under the Markets in Crypto-Assets (MiCA) regime, according to a Reuters report.
Gemini’s application is reportedly being processed by Malta’s financial authorities, while Coinbase is seeking approval through Luxembourg—a jurisdiction known for its robust financial oversight. Coinbase did not comment on the specifics but affirmed Luxembourg’s standing as a leading financial center.
The news follows similar moves by Bybit (via Austria) and Binance (adjusting operations in Poland) to align with MiCA. The framework, which entered into force in June 2024, will be fully applicable by year-end following ESMA’s final regulatory technical standards.
