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CoinFlip secures Italy MiCA license as EU crypto transition period ends

CoinFlip, a U.S.-based crypto platform, has secured a Markets in Crypto-Assets (MiCA) license from Italy's securities regulator CONSOB. This license allows CoinFlip to passport its services across the European Union, with its European operations to be headquartered in Milan. The approval arrives one day after the EU's MiCA grandfathering period expired on July 1, marking the start of full enforcement. From this date, crypto-asset service providers (CASPs) operating in the EU must hold MiCA authorization or cease offering regulated services. The move positions CoinFlip under the bloc's new harmonized regulatory framework, shifting from a patchwork of national regimes to a single set of rules with passporting rights across member states.

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