Source: Coinbase and Gemini will receive EU crypto licenses from Luxembourg and Malta respectively

Foresight News, according to Reuters, sources revealed that Coinbase and Gemini will obtain EU crypto licenses from Luxembourg and Malta respectively. A senior regulatory official said they were concerned about licenses issued by countries with fewer regulators, and the European Securities and Monetary Authority (ESMA) has reviewed the licensing process in Malta and will release a report in the near future. Another person pointed out that Coinbase plans to conduct a relatively small business in Luxembourg.

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