CoinShares obtains EU MiCA license, becoming the first licensed crypto asset management company
Powered by ChatGPTOn July 23, according to CoinDesk, European crypto asset management company CoinShares announced that it had obtained the EU's "Markets in Crypto Assets Regulation" (MiCA) license, becoming the first European crypto asset management company to obtain this license. The license was issued by the French Financial Markets Authority (AMF), enabling CoinShares to provide crypto asset portfolio management services within the 27 EU countries, and together with its existing MiFID and AIFM licenses, it constitutes a triple regulatory qualification. CoinShares said that this milestone is expected to promote the EU's $38.7 trillion asset management industry to further open up compliant crypto investment products. So far, the company has managed assets of more than $9 billion, and its stock price has risen by more than 46% this year. [PANews]