CoinShares secures MiCA license in France to cement EU presence

Key Points

1. CoinShares received the MiCA license through its French subsidiary, CoinShares Asset Management, enabling it to offer portfolio management and advice on crypto assets in the EU.

2. The license makes CoinShares the first continental European regulated asset management company qualified under MiCA, according to the company's announcement.

3. CoinShares CEO Jean-Marie Mognetti described the MiCA license as a major milestone for both the company and the European crypto industry, providing a clear, harmonized regulatory framework across the EU.

4. CoinShares has been expanding in the US market since 2023, launching several crypto funds, including Bitcoin and Ether ETFs, and acquiring Valkyrie Funds.

5. The company's operations are currently passported in multiple EU jurisdictions, including France, Germany, Cyprus, Ireland, Lithuania, Luxembourg, and Malta.