Gemini, the cryptocurrency exchange founded by the Winklevoss twins, secured a MiCA license from the Malta Financial Services Authority, allowing significant expansion across over 30 European countries.
Acquiring the MiCA license enables Gemini to offer regulated crypto services, tapping into a larger market in Europe amid increasing regulatory scrutiny and growing institutional interest.
Gemini, founded by Cameron and Tyler Winklevoss, has obtained a MiCA license in Malta. This license enables the exchange's expansion of regulated crypto services across over 30 European countries.
The license marks a pivotal moment for Gemini's operations. Team Gemini stated in their official blog:
"Receiving this approval marks a critical milestone in our regulated European expansion, as it will allow us to offer secure and reliable crypto across all 30 European countries and jurisdictions, unlocking a vastly larger market... Today’s announcement cements Gemini’s long-standing dedication to upholding the highest standards of regulatory compliance."
The MiCA license positions Gemini to attract institutional investments within the European market. This move could stimulate increased trading volumes and user engagement on the platform.
The regulatory approval reflects Europe's increasing appetite for compliant crypto solutions amid US regulatory uncertainties. Historically, such licenses have led to surges in regional market activity.
Similar approvals in the past, like the MiFID II license, boosted trading volumes. Notably, no other US exchange of Gemini's scale holds a comprehensive MiCA license.
Experts predict increased compliance and trust from institutional investors. This approval sets a precedent for global crypto regulations, influencing future regulatory models.
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By Kanal Coin
about 3 hours ago
