According to Reuters, sources revealed that as regulatory differences in licensing speed and rigor increase in some countries, two cryptocurrency companies are about to obtain licenses to operate across the entire European Union.
Under the EU's Markets in Crypto-Assets Regulation (MiCA), which took effect earlier this year, EU member states can issue licenses allowing crypto companies to operate across 27 countries.
Sources disclosed that Gemini, the cryptocurrency company founded by billionaire Winklevoss brothers, is about to receive an operating license from the Maltese government. Malta is the smallest EU member state. Previously, Malta had approved operating licenses for OKX and Crypto.com within weeks of the new regulations taking effect.
One source noted that as Luxembourg is widely expected to grant a license to Coinbase, debates around regulation are intensifying. Although the application has been progressing for months, some point out that Coinbase's planned business scale in Luxembourg is relatively small. A Coinbase spokesperson did not comment on the application but stated that the company has hired approximately 200 employees in Europe and is investing resources in staffing to ensure operational safety.
