Cryptocurrency exchange Gemini received a Markets in Crypto-Assets Regulation (MiCA) license in Malta, supporting the company’s ongoing expansion in Europe.
The Cameron and Tyler Winklevoss-owned exchange secured a MiCA license from the Malta Financial Services Authority on Wednesday, according to official MFSA records.
“Receiving this approval marks a critical milestone in our regulated European expansion, as it will allow us to expand our secure and reliable crypto products for customers in over 30 European countries and jurisdictions,” Gemini said in a statement shared with Cointelegraph.
The regulatory milestone came shortly after Gemini filed to list its Class A common stock on the Nasdaq Global Select Market under the ticker GEMI last Friday.
Gemini welcomes “clear regulation”
“Today’s announcement cements Gemini’s long-standing dedication to upholding the highest standards of regulatory compliance as we scale in the region,” Gemini said, highlighting the importance of MiCA for crypto adoption.
“We believe that clear regulation of the industry is the foundation of global crypto adoption, and MiCA’s implementation has proven that Europe is one of the most innovative and forward-thinking regions regarding this,” Gemini’s statement added.
Gemini also holds a Markets in Financial Instruments Directive (MiFID II) license, received in May, allowing the exchange to offer derivatives in the European market.
This is a developing story, and further information will be added as it becomes available.
