Thursday, July 31, 2025

Creating liberating content

China is one of Nvidia’s largest markets, particularly for data

Access Denied You don’t have permission to access ” on

Related News

FMCG firm Hindustan Unilever Ltd (HUL) posted on Thursday a consolidated net profit increase of 5.97 per cent, reaching Rs 2,768 crore for the quarter ending June 2025, compared to

China is one of Nvidia’s largest markets, particularly for data centers, gaming and artificial intelligence applications. Avishek Das | Lightrocket | Getty Images While Nvidia has been given assurances by

Access Denied You don’t have permission to access ” on this server. Reference #18.27fdd417.1753939584.ef9a981 Source link

US President Donald Trump, said on Thursday, that Canada’s support for a Palestine complicates the ongoing trade negotiations between the two nations.“Wow! Canada has just announced that it is backing

NEW DELHI: US President Donald Trump on Thursday took a sharp jab at India and Russia, suggesting that the two nations could “take their dead economies down together.”In a social

Australia’s first attempt to launch a home-made rocket into orbit ended in failure on Wednesday.The 23-metre Eris vehicle crashed just 14 seconds after take-off. The rocket rose briefly, gained some

Trending News

NEW DELHI: The Institute of Chartered Accountants of India (ICAI) is working with regulators to develop an early-warning mechanism to prevent scams and frauds before they occur with an initial

Tata Trusts, the largest shareholder of Tata Sons, has directed chairman N Chandrasekaran to initiate a dialogue with minority shareholder Shapoorji Pallonji Group to provide them with an exit from

MUMBAI: Mukesh Ambani’s promoter group firms will invest Rs 15,825 crore in Jio Financial Services through a preferential allotment of up to 50 crore warrants, each priced at Rs 316.5.

NEW DELHI: Anticipating a good deal for Indian goods, M Rafeeque Ahmed, who leads the Farida Group, one of the largest leather and footwear exporters in the country, was headed

NEW DELHI: US President Donald Trump’s decision to impose 25% tariff on exports from India starting Aug 1 saw the thriving aerospace supply chain industry here, along with their big

MUMBAI: Mahindra & Mahindra on Wednesday posted a 24% year-on-year increase in its consolidated net profit to Rs 4,083 crore for the June quarter, driven by broad-based growth across business

Coinbase secures EU crypto license, swaps Ireland for Luxembourg

Word Count: 371 | Estimated Reading Time: 2 minutes


Lionel Bonaventure | Afp | Getty Images

Coinbase has secured a license from Luxembourg to offer crypto services across the European Union and will make the country its central hub in the region.

The U.S. crypto exchange’s main European base has been in Ireland since 2023.

Coinbase said Friday that it obtained its Markets in Crypto Assets (MiCA) license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF).

MiCA is a sweeping regulation that aims to create a harmonized legal framework for crypto across all 27 EU member states. The rules, which came fully into force late last year, also aim to reduce risks for consumers buying crypto assets following a series of scandals in the sector.

It makes Coinbase the first U.S. crypto exchange to receive a MiCA license. Rival firm Gemini, which is owned by the Winklevoss twins, is expected to receive its own EU license from Malta soon. Gemini chose Malta as its MiCA hub in January.

“Coinbase is all in on Europe, and we’re advocating for crypto’s future across the continent,” Coinbase CEO Brian Armstrong told CNBC. “MiCA has set the standard, and Luxembourg is leading the way with its pro-business climate and thoughtful approach to regulation.”

Previously, Coinbase decided on Ireland as its central EU hub in 2023 and launched a big public relations blitz around the move at the time. However, the company ultimately backtracked on this decision, concluding Luxembourg would make more sense for its status as a “forward-thinking financial hub.”

“The decision was made less-so due to Ireland, but rather for the reasons that Luxembourg presented a highly compelling option,” Daniel Seifert, vice president and regional managing director of EMEA at Coinbase, told CNBC.

Luxembourg has four blockchain-related policies that have been signed into law, whereas Ireland currently lacks any crypto-specific laws.

He added that Coinbase is still investing heavily in Ireland with “imminent” plans to add around 50 jobs to its local Dublin office. Seifert has also personally relocated to the country from Germany as CEO of Coinbase’s Irish entity.

Globally, Coinbase isn’t the first to receive crypto authorization across the EU — but it is one of the largest. Rival exchanges Bybit, OKX and BitGo have all secured their own respective MiCA licenses.

Stablecoin showdown moves to the House after Senate clears crypto’s landmark bill



Source link

Sign In

Welcome ! Log into Your Account