Insiders: Coinbase and Gemini will obtain EU cryptocurrency licenses from Luxembourg and Malta respectively

According to sources cited by Reuters, Coinbase and Gemini are expected to obtain EU cryptocurrency licenses from Luxembourg and Malta respectively, and be allowed to operate in 27 countries under MiCA regulations. This move has sparked regulatory disagreements in Europe, with some countries questioning Malta's quick approval of OKX, Crypto.com, Gemini, and others, fearing a "regulatory bottom line". French AMF and ESMA officials have also expressed concerns about uneven law enforcement. At the same time, Coinbase is expanding its small-scale team in Luxembourg and strengthening compliance investments.