Coinbase Obtains MiCA-Based Virtual Asset License in Europe

Coinbase has obtained a MiCA regulation-based license, enabling it to provide virtual asset (cryptocurrency) services throughout the European Union (EU).

According to CNBC, an American economic media outlet, on the 20th (local time), Coinbase announced that it has secured a license based on the MiCA law from the Luxembourg Financial Supervisory Authority (CSSF). This marks the first time that a U.S.-based virtual asset exchange has obtained a MiCA license across all 27 EU member states.

Additionally, Coinbase decided to relocate its European headquarters from Ireland to Luxembourg. Although it had previously designated Ireland as its EU base in 2023, the company explained its decision by highlighting Luxembourg’s status as a more forward-looking financial hub.

Brian Armstrong, CEO of Coinbase, stated, "Coinbase is working toward the future of cryptocurrency across Europe, and Luxembourg has become our new base thanks to its business-friendly environment and innovative regulation."

Meanwhile, the MiCA law is the world’s first fundamental virtual asset law enacted by the European Union (EU), and is binding in all 27 EU member states.