rewrite this content using a minimum of 1000 words and keep HTML tags
CoinShares has received approval from France’s financial regulator to operate under European Union’s Markets in Crypto-Assets Regulation (MiCA).
The license, granted on July 18 by the Autorité des Marchés Financiers (AMF), allows the company to manage and advise on crypto asset portfolios across the EU.
The license was issued to CoinShares Asset Management, the firm’s French branch. With this approval, CoinShares becomes the first asset manager based in Europe to be registered under MiCA, which sets new EU rules for the crypto industry.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is a Smart Contract? (Explained with Animations)
It already operates under the Markets in Financial Instruments Directive (MiFID), which covers traditional financial services, and the Alternative Investment Fund Managers Directive (AIFMD), which applies to certain types of investment funds.
CoinShares stated that the company is currently the only crypto-focused asset manager in Europe to hold all three of these licenses.
With these approvals, CoinShares can legally provide crypto-related services throughout the EU. It has already extended its operations to several member states, including Germany, Ireland, Cyprus, Lithuania, Luxembourg, Malta, and the Netherlands, using the EU’s “passporting” system.
Coinshare CEO Jean-Marie Mognetti stated that the new EU framework provides a more consistent and reliable set of rules. Crypto firms have had to work within incomplete or temporary systems, but MiCA brings clear standards across all EU countries.
Meanwhile, companies providing crypto services in the EU will need to comply with new rules starting in July 2027. What do these rules cover? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
Source link
