Gemini, the cryptocurrency exchange, has obtained a Markets in Crypto-Assets Regulation (MiCA) license in Malta, facilitating the firm’s ongoing growth in Europe.
The exchange, owned by Cameron and Tyler Winklevoss, received the MiCA license from the Malta Financial Services Authority on Wednesday, according to official records from the MFSA.
“This approval is a significant milestone in our regulated European expansion, enabling us to enhance our secure and reliable crypto offerings for customers across more than 30 European countries and jurisdictions,” Gemini stated in a release shared with Cointelegraph.
This regulatory achievement followed Gemini’s recent filing to list its Class A common stock on the Nasdaq Global Select Market under the GEMI ticker last Friday.
Gemini Values “Clear Regulation”
“Today’s news reinforces Gemini’s longstanding commitment to maintaining the highest standards of regulatory compliance as we grow in the region,” Gemini remarked, emphasizing MiCA’s significance for crypto adoption.
“We assert that clear industry regulations serve as the foundation for global crypto adoption, and MiCA’s rollout has demonstrated that Europe is among the most innovative and forward-thinking regions in this regard,” added Gemini’s statement.
Details regarding Gemini’s MiCA license in Malta. Source: MFSA
Additionally, Gemini possesses a Markets in Financial Instruments Directive (MiFID II) license obtained in May, allowing the exchange to offer derivatives within the European market.
This is an evolving story, and additional updates will be provided as they become available.
