Gemini and Coinbase Close to EU Green Light – Is MiCA the New Crypto Standard?

Gemini and Coinbase are reportedly just steps away from securing EU licenses under the MiCA regulations.

Sources say Gemini’s approval is coming from Malta, while Coinbase is likely to get the nod from Luxembourg—a hotspot for fintech firms. Coinbase stayed coy on details but called Luxembourg a “well-respected financial hub.”

They won’t be alone—Bybit and Binance have already made moves to comply with MiCA, which fully kicks in this December. Is this the start of a new era for crypto regulation in Europe?