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In Europe, New Cryptocurrency Ecosystem Takes Form

Koos Couvée
London Bureau Chief

Germany has outpaced the rest of the EU in licensing virtual asset service platforms, also known as VASPs, under a comprehensive, bloc-wide regulatory framework erected in December, figures from the European Securities and Markets Authority, or ESMA, show. As of Monday, 10 of the EU's 27 nations had licensed 38 cryptocurrency exchanges and other VASPs under the markets in crypto-assets regulation, or MiCA, with Germany leading the way with 12 licenses, followed by the Netherlands with nine, Malta with five, France with three, Austria and Luxembourg with two, and Spain, Lithuania, Ireland and Cyprus with one. As is often the...

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