CoinShares Obtains Initial MiCA License from French Financial Market Authority (AMF) in Europe
In a groundbreaking move, CoinShares, a leading European crypto asset management company, has received the EU's inaugural Markets in Crypto-Assets (MiCA) license from the French Financial Markets Authority. This milestone marks a significant step towards the regulatory legitimacy, institutional credibility, and market integration of digital assets within traditional finance.
John Kojo Kumi, a Crypto News Writer and Registrar at the Commission on Human Rights and Administrative Justice, highlights the importance of this development. Kumi, who holds a Bachelor of Arts in Geography and Rural Development from Kwame Nkrumah University of Science and Technology, Kumasi, is passionate about blockchain's transformative potential and aims to equip readers with the knowledge to navigate digital assets and decentralized technologies.
CoinShares' achievement makes history as it becomes the first single entity in Europe to hold MiCA, MiFID, and Alternative Investment Fund Manager (AIFM) licenses simultaneously. This unique triple-authorization allows CoinShares to manage portfolios encompassing traditional, UCITS (Undertakings for Collective Investment in Transferable Securities), and crypto assets with full regulatory compliance.
The MiCA license establishes a clear, harmonized regulatory framework across the EU, replacing fragmented or partial crypto regulations. It exemplifies the industry’s shift towards a transparent, professional, and investor-centric environment, crucial for institutional adoption and confidence. The license enables CoinShares to offer fully compliant, institutional-grade portfolio management for crypto across multiple EU member states without needing separate authorizations.
This development is poised to drive compliant investments within Europe's $38.7 trillion asset management sector. By being the first to meet MiCA’s stringent requirements, CoinShares sets a foundation for more sophisticated digital asset investment products that integrate traditional and crypto finance. This bridge can accelerate mainstream institutional participation in crypto markets, expanding the total accessible asset market valued at approximately €33 trillion within the EU.
Jean-Marie Mognetti, CEO of CoinShares, stated that receiving MiCA authorisation is a pivotal milestone for the European digital asset industry. Mognetti's expertise includes content strategy, SEO optimization, and technical research. CoinShares' stock price has risen notably following the regulatory breakthrough.
Meanwhile, in other crypto news, Bitcoin (BTC) trades at $118,208.55, with a market capitalization of 2,351,902,992,738.71 according to CoinMarketCap. Over the past 90 days, BTC's price has increased by 28%, despite a recent 0.69% decline over the last week. Ripple has secured a Dubai real estate custody deal, and Ondo Finance has launched a USD yield token on the Sei Network.
Elsewhere, John Kojo Kumi specializes in cryptocurrency research, focusing on emerging startups, tokenomics, and market dynamics within the blockchain ecosystem. Litecoin has been designated as MEI Pharma's primary reserve allocation, and Elon Musk has announced the formation of the America Party.
In conclusion, CoinShares' MiCA license is a pivotal regulatory and market development signaling crypto’s permanence and deeper integration in regulated finance. It demonstrates how innovation and strong governance can coexist, ultimately fostering confidence, protecting investors, and enabling scalable growth for crypto asset management across Europe.
- John Kojo Kumi, a Crypto News Writer and Registrar, emphasizes the significance of CoinShares' MiCA license, believing it to be a crucial step towards the integration of digital assets in traditional finance.
- The MiCA license, received by CoinShares, is instrumental in establishing a unified regulatory framework for cryptocurrency across the EU, thereby attracting institutional investors and legitimizing the sector.
- CoinShares' achievement of holding MiCA, MiFID, and AIFM licenses simultaneously emphasizes the potential for cryptocurrency investment products to integrate traditional and digital finance, fostering mainstream institutional participation and expanding the EU's total accessible asset market.
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