Gemini, the crypto exchange, supported by Winklevoss Gemini, received a new license in Malta, which will also serve as its center for markets in Cryptosets (Mica), the company (Monday) announced today.
Malta becomes the center of the mica
Crypto Exchange reported that she decided to establish Malta as a mica center after receiving a license to maintain virtual financial assets (VFA) from the regulator of the island in December last year. This license was the registration of the supplier of virtual assets.
The announcement emphasized that the exchange chose Malta from a “proactive approach to the development of innovation among FinTech and digital assets, which represents twins an ideal environment for conducting our European operations.”
The decision to create a Malta concentrator for the mica followed the full implementation of European rules at the end of 2024. While the initial phase of the rules covering stabules entered into force in mid -2024 full implementation.
“Mica is such a necessary development of regulation for the European crypto community,” said Mark Jennings, head of Europe Gemini.
“Our decision to establish Malta as our center reflects our commitment to compliance with regulatory standards, promoting innovation and the formation of future digital assets in Europe. We hope this serves as a plan for crypto -regulation around the world. ”
Mika changes the crypto
The introduction of mica prompted all the crypto companies to evaluate the correspondence of their products in the block. Many exchanges from a distance in an exceptional sheet that do not correspond to stabi, while others determine their preferred operating centers. In addition, the rules of mica can indirectly affect third-party suppliers in crypto industry.
Financial magnates Earlier it was reported that the twins provided VASP registration in France. This allowed customers to contribute, trade and store digital assets on the platform through the web applications and mobile applications. Payment options include local methods such as EUR and GBP, with the support of debit cards, bank transfers and Apple Pay.
Gemini is also focused on expansion in Asia and received a license in Singapore last year.
