CoinShares, a crypto asset management company, has secured the first MiCA license from the French Financial Authority, allowing it to provide asset management services across all 27 EU countries.
First MiCA Licensing in the EU
CoinShares is the first company in the EU to receive a license under the Markets in Crypto Assets Regulation (MiCA). This license, granted by the French Financial Authority, opens avenues for offering regulated products in all 27 European Union countries.
CoinShares Stock Surge
Following the licensing announcement, CoinShares' stock rose by 46%. This regulatory milestone allows the company to openly market regulated crypto products and adapt its asset management services to align with new standards.
Impact on the Crypto Asset Market
According to CoinMarketCap, Bitcoin (BTC) is trading at $118,208.55 with a market capitalization of over $2.3 trillion. The MiCA licensing may open new paths for institutional investments in crypto assets and foster innovation in digital assets.
CoinShares' achievement in obtaining the MiCA license marks a pivotal moment for the entire European crypto industry, establishing clear regulatory frameworks and driving institutional interest.
