Fast Highlights
- Gemini receives EU-wide approval for its virtual asset service under MiCA
- License covers 30+ countries in Europe
- MiCA positions Europe at the forefront of crypto regulatory standards
Gemini joins the MiCA Movement – What does it mean for Cryptocurrency in Europe?
The Malta Financial Services Authority has granted the cryptocurrency exchange Gemini a MiCA licence, allowing it to provide virtual assets services throughout the European Union.
Gemini was previously approved under MiFID II to allow it to conduct derivative trading in the same jurisdiction. Gemini now has the ability to operate in more than 30 European countries. This allows it to be one of the most compliant crypto platforms and expandable.
Why MiCA Licensing is a Game-Changer for Gemini, and the Crypto Industry
Gemini said in a press release that the achievement reflected its commitment over a long period of time to compliance with regulatory standards and sustainable growth across Europe.
We believe that clear regulations are the basis for global adoption of crypto, and Europe’s MiCA framework represents a significant step in providing investor protection and clarity.”
Exchange also announced its launch in June of tokenized shares on the Arbitrum Blockchain for European users. The blockchain-based tokens are a mirror of real-world stocks and can be traded 24/7, providing flexibility that goes beyond the traditional market.
Gemini isn’t the only crypto giant: other companies are now licensed under MiCA
Gemini has joined a list of cryptocurrency platforms, such as Kraken, Bitvavo Bybit and Coinbase, that already have MiCA approval.
MiCA, the Markets in Crypto-Assets Regulation (MiCA), was adopted by the Council of the European Union in 2023. It is now being implemented in stages across all member states. Some countries have yet to complete their legal adaptations, despite the fact that full implementation had been expected at the end of 2024.
Gemini has positioned itself as a leader in this regulatory shift.
