COINOTAG News, December 17, citing Chainwire, notes that CoinGate, a leading crypto payments provider, has secured a MiCA license from the Lithuanian regulatory authority. The award enables CoinGate to operate across the European market as a compliant crypto-asset service provider, reinforcing its capacity to offer regulated payment rails within the EU.

The MiCA authorization obligates CoinGate to implement EU-wide disclosures, robust KYC/AML controls, and capital-reserve requirements, aligning its operations with the bloc’s regulatory framework. This enhances risk management for merchants and customers while supporting scalable, transparent crypto-on/off ramps.

Market participants view the milestone as a step toward greater interoperability for cross-border crypto payments in Europe, potentially widening CoinGate’s merchant network and user adoption. The license underscores the EU’s ongoing push to normalize crypto services under a harmonized regime.