France’s financial authority, AMF, authorized the Coinhouse platform under MiCA. Thus, the Paris-based platform gained the right to operate within a broader legal framework throughout the European Union (EU). With the authority received, Coinhouse; It will be able to provide services in different areas, from brokerage to digital asset custody, from transfer services to investment and portfolio consultancy.
MiCA transition: new license at EU level
For years, Coinhouse has been one of the leading companies offering digital asset services with France’s PSAN certification. Now, the MiCA certificate obtained by the company has provided a comprehensive legal basis, including the PSCA authority valid in all EU countries. This renewed authority puts the company’s international operations on a stronger footing.
These new opportunities that come with MiCA make it easier for Coinhouse to offer many activities such as buying and selling, cryptocurrency exchange, custody, management, transfer and administrative transactions throughout the EU. In addition, investment consultancy and portfolio management services are also within the scope of this new authority.
Mini dictionary: MiCA (Markets in Crypto-Assets) is a regulation created for the regulation and standardization of crypto asset services across the EU and comes into force in July 2023. With MiCA, companies can operate together under a single framework rather than obtaining separate permits in different countries.
Coinhouse was founded in 2014 as “La Maison du Bitcoin” and was one of the first digital asset platforms to be licensed in France. MiCA certification has made it possible for the platform to legally offer crypto services not only in France but throughout the EU.
Growth and competitive advantage in Europe
With MiCA, Coinhouse will be able to operate with a single authority in every country of the EU, meaning it will not have to apply individually in different countries. This provides the platform with a flexible and rapid growth opportunity.
The company was already operating in French-speaking markets such as Belgium and Luxembourg; Now it will be able to increase its reach throughout Europe, from individual users to institutional investors. Thus, it had the opportunity to offer digital asset services to a wider customer base.
Thanks to the MiCA authorization, Coinhouse has gained a significant advantage over its competitors who have not yet received the necessary permission, while getting ahead of the competition in the European crypto market.
Many PSAN licensed companies in France are still in the application process for MiCA. With this new framework, Coinhouse has gained a significant advantage in terms of both legal security and market opportunities.
Transition period for France until 2026
France will completely end its national PSAN licensing practice on July 1, 2026, and from that date all crypto platforms in the country will be required to have PSCA/MiCA authorization.
AMF announced that unauthorized platforms should cease their activities at the end of the transition period. Otherwise, legal and monetary sanctions may come to the fore. Therefore, by obtaining MiCA authorization early, Coinhouse was able to continue its services without any interruption.
MiCA also aims for unity in digital asset regulation across Europe and aims to reduce confusion arising from country differences. In this context, Coinhouse has turned regulatory compliance into a growth opportunity.
