Electronic Money Institution

Uh, we received a MiCA, MiCA license, uh, last year.

Uh, Coinbase also received a, a electronic money institution license, uh, earlier this year.

So our goal is to consolidate our EU headquarter in the, in the country that really understand crypto, that is very supportive of, uh, uh, innovating.

And, uh, since that time, so we have built our, uh, team in Luxembourg.

Would that, uh, impact the way, uh, you build your product, you offer your services? Uh, how do you, uh, you know, adjust your offering in such a vast, uh, majority, uh, vast differences in terms of, you know, uh, solutions?

It depends who you are, right? If you are a financial institution, meaning a bank, licensed bank, if you have an EMI license equivalent, like in Europe-

Mm-hmm

... that you are a payment network, if you are a fintech, if you are a merchant trying to offer financial services.