Cryptocurrency exchange Gemini has obtained a crypto assets market regulation (MiCA) license in Malta, supporting its expansion plans in Europe.
The exchange owned by Cameron and Tyler Winklevoss received the MiCA license from the Malta Financial Services Authority on Wednesday, according to official records from the MFSA.
"This approval marks an important step in our expansion in Europe, allowing us to expand secure and reliable crypto products in over 30 European countries and regions," Gemini stated in a statement shared with Cointelegraph.
This regulatory milestone was achieved shortly after Gemini applied for the listing of its Class A common stock on the Nasdaq Global Select Market last Friday.
Gemini welcomes 'clear regulation'
"Today's announcement reinforces Gemini's long-standing commitment to the highest standards of regulatory compliance as we expand in the region," Gemini stated, emphasizing the importance of MiCA for crypto adoption.
"We believe that clear industry regulation is foundational to global crypto adoption, and the implementation of MiCA proves that Europe is one of the most innovative and forward-thinking regions in this regard," Gemini added.
Gemini also holds a Markets in Financial Instruments Directive (MiFID II) license, obtained in May, allowing it to offer derivatives in the European market.
This is a developing story, further information will be supplemented as it becomes available.