Gemini Expands in Europe with Malta Hub to Meet MiCA Regulations

Gemini, the cryptocurrency exchange founded by the Winklevoss twins, is enhancing its presence in Europe by establishing a compliance hub in Malta.

This move aims to align the company with the European Union’s Markets in Crypto-Assets (MiCA) regulations, following its recent registration as a Virtual Asset Service Provider (VASP) in Malta.

Mark Jennings, Gemini’s head of Europe, explained that obtaining a MiCA license involves either applying in a new jurisdiction or transitioning from existing VASP licenses. Currently, Gemini holds licenses in six European countries, including France, where it launched crypto services in late 2024.

A major focus for Gemini under MiCA is creating a unified compliance infrastructure across Europe, simplifying customer onboarding and meeting consistent regulatory standards. Jennings acknowledged the challenges of allocating resources to build compliant custody solutions but emphasized the opportunity to enhance transparency and scalability in the crypto space.

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While MiCA provides clarity for the industry, questions remain about its treatment of stablecoins. Issuers like Circle have gained approval for USDC, but uncertainty surrounds non-compliant tokens like Tether’s USDT, raising speculation about potential delistings in the EU.

Despite these hurdles, Gemini views MiCA as a positive step toward harmonizing regulations across Europe, creating a more secure and transparent environment for digital assets.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.