Coinbase has secured a European Union Markets in Crypto Assets (MiCA) license from Luxembourg, allowing it to operate across the 30 nations of the European Economic Area. This development positions Coinbase alongside major competitors like Bybit, OKX, and Crypto.com, all of whom have also attained the MiCA license. The MiCA framework aims to provide a comprehensive regulatory approach to cryptocurrencies in Europe, enhancing transparency and investor protection. With this license, Coinbase is now equipped to expand its services throughout Europe, potentially increasing its market presence and user base. Camomile Shumba, a regulatory reporter, emphasizes the significance of this achievement in the evolving landscape of crypto regulation in Europe.

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