CoinShares obtains EU MiCA license, becoming the first certified cryptocurrency asset management company

According to CoinDesk, European cryptocurrency management company CoinShares announced that it has obtained a license under the European Union's Crypto Asset Market Regulation (MiCA), becoming the first European cryptocurrency management company to receive this license. This license is issued by the French Financial Market Authority (AMF), enabling CoinShares to provide cryptocurrency portfolio management services across the 27 EU countries, and together with its existing MiFID and AIFM licenses, constitutes a triple regulatory qualification. CoinShares stated that this milestone is expected to further open up compliant cryptocurrency investment products in the EU's $38.7 trillion asset management industry. As of now, the company's managed assets exceed $9 billion, and its stock price has risen by over 46% this year.