CoinShares AM becomes first firm in continental Europe to receive MiCA authorisation

Now owns three licences

CoinShares Asset Management has received authorisation under the Markets in Crypto-Assets Regulation (MiCA), making it the first continental European regulated asset manager to hit this milestone.

CoinShares AM is the French subsidiary of CoinShares International. The latest authorisation brings the total number of licences owned by CoinShares to three, along with the AIFM and MiFID. According to CoinShares, this is the "first major European asset manager to combine MiCA, MiFID, and AIFM authorisations - creating new investment possibilities across [the] €33trn European asset management market". FCA to withdraw ban on crypto ETNs to boost UK growth MiCA requires firms to obtain licenses for cryptoasset activities and enhances traceability for combating tax evasion and money ...