The cryptocurrency exchange Gemini has obtained a license under the Markets in Crypto-Assets Regulation (MiCA) in Malta, furthering the company's ongoing expansion in Europe.

According to official records from the Malta Financial Services Authority (MFSA), the exchange founded by brothers Cameron and Tyler Winklevoss received the MiCA license on Wednesday.

Gemini stated in a declaration to Cointelegraph: "Receiving this approval is a key milestone in our regulated expansion in Europe. It will enable us to offer safer and more reliable crypto products to customers in over 30 European countries and regions."

Just last Friday, Gemini submitted an application to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol GEMI, with this regulatory progress following closely behind.

Gemini remarked: "Today's announcement reinforces our commitment to maintaining the highest regulatory compliance standards in our regional expansion," and emphasized the significance of MiCA in promoting cryptocurrency adoption.

Gemini's statement also noted: "We believe that clear regulation in the industry is the foundation for global cryptocurrency adoption. The implementation of MiCA demonstrates Europe's innovativeness and foresight in this field."

Gemini also holds a license obtained under the Markets in Financial Instruments Directive (MiFID II), which it acquired in May of this year. This allows the exchange to offer derivatives services in the European market.

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Original: “Gemini obtains MiCA license in Malta following approval for derivatives in May”

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