Brian Armstrong announces MiCA license acquisition in Luxembourg
@brian_armstrong: Coinbase MiCA license secured
Coinbase CEO Brian Armstrong announced that the company has secured a MiCA license from the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg.
This strategic move marks a significant milestone for Coinbase as it aims to expand its presence in the European crypto market. The announcement was made following a meeting with Luxembourg Prime Minister Luc Frieden, the Crown Prince, and various ministers. The meeting underscored the importance of regulatory compliance and the role of Europe in the growing global crypto ecosystem.
Armstrong commented on the development via Twitter, emphasizing the anticipated boost for crypto adoption in Europe. ''Time to take crypto adoption in Europe to the next level,'' Armstrong tweeted.
The Markets in Crypto-Assets (MiCA) regulation provides a comprehensive legal framework for cryptocurrencies in the European Union, expected to bolster consumer protection and ensure market integrity.
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Coinbase’s latest regulatory milestone in Luxembourg reinforces CEO Brian Armstrong’s ongoing strategy to position the company at the forefront of global crypto adoption. This approach builds on Armstrong’s recent emphasis that the UK needs a strategic stance in the crypto race, highlighting the importance of proactive regulatory engagement across markets. The advancement also aligns with steps taken by Armstrong and his partners to foster innovation, as seen in his pursuit of a new investment venture focused on assembling the right team for future growth.
In the previous news, tweet author Brian Armstrong discussed the integration of crypto rewards into everyday purchases.
