The news highlight Coinbase’s strategic shift to secure a MiCA license from Luxembourg’s CSSF, enabling crypto services across all 27 EU countries, a move that leverages Luxembourg’s pro-business regulatory environment over Ireland’s, reflecting a broader trend of EU nations competing to attract crypto firms amid a $2.7 trillion global crypto market as of 2025.
This development aligns with the EU’s MiCA framework, enacted in 2023 and fully implemented by 2024, which aims to standardize crypto regulations, backed by a European Commission report showing 70% of EU consumers favor regulated crypto platforms, potentially increasing institutional adoption of Bitcoin.
The switch challenges the narrative of centralized crypto hubs like Ireland, with Luxembourg’s rise supported by its hosting of 13% of EU investment funds, suggesting a calculated pivot to a jurisdiction with proven financial infrastructure, though critics question if this centralization risks regulatory overreach.
