Gemini, the cryptocurrency exchange owned by Cameron and Tyler Winklevoss, has secured a Markets in Crypto-Assets Regulation (MiCA) license in Malta, marking a major step in its European expansion.
According to records from the Malta Financial Services Authority (MFSA), the license was officially granted on Wednesday.
The approval comes shortly after Gemini filed an application to list its Class A common stock on the Nasdaq Global Select Market under the ticker GEMI.
Gemini underscores commitment to regulatory compliance
Gemini said the approval underscores its long-standing commitment to strict regulatory standards as it grows in Europe.
“Today’s announcement cements Gemini’s dedication to compliance as we scale in the region. We believe clear regulation is essential for global adoption, and MiCA shows that Europe is among the most innovative and forward-looking regions in this regard.”
This follows Gemini’s earlier achievement in May, when it secured a Markets in Financial Instruments Directive (MiFID II) license, enabling it to provide derivatives across Europe.
According to the Malta Financial Services Authority (MFSA) register, Gemini is now the fifth crypto asset service provider (CASP) licensed in the country, alongside Bitpanda, Crypto.com, OKX, and ZBX.
The MFSA itself recently came under the spotlight. In July, the European Securities and Markets Authority (ESMA), the EU’s top markets regulator, flagged shortcomings in its authorization process for an unnamed CASP under MiCA oversight.
