BlockBeats news, on June 14, according to a report by Reuters, informed sources revealed that as regulatory authorities in certain countries differ over the speed and rigor of granting licenses, two cryptocurrency companies are on the verge of obtaining licenses that enable them to operate across the entire European Union.

Under the European Union's Markets in Crypto-Assets Regulation (MiCA), which came into effect earlier this year, EU member states are authorized to issue licenses allowing crypto companies to operate across all 27 member states.

Two informed sources disclosed that the cryptocurrency company Gemini, founded by billionaire Winklevoss brothers, is about to receive an operational license issued by the Maltese government. Malta is the smallest member state of the EU. Previously, Malta approved operational licenses for OKX and Crypto.com within weeks of the new regulation taking effect.

One source mentioned that with widespread speculation about Luxembourg planning to grant a license to Coinbase, regulatory debates are intensifying. Although the application has been progressing for months, some have pointed out that the scale of operations Coinbase plans to undertake in Luxembourg is relatively small. A spokesperson for Coinbase declined to comment on the application but stated that the company employs approximately 200 staff in Europe and has allocated resources to ensure operational security.