Gemini, the crypto exchange supported by billionaire Winklevoss Twins, obtained a cryptography markets (Mica) License of the Malta Financial Services Authority (MFSA)Reinforcing his attempt to develop through the European Union as part of the new regulatory framework of the block, the company announced Thursday in a blog article.
Approval marks an important step in the EU strategy of Gemini, allowing the company to deploy its commercial products and services to customers in more than 30 European jurisdictions, noted the company.
Europe markets in crypto-active (Mica) The regulations, which have entered into force this year, is the first book of cryptography rules on the scale of the EU region, designed to harmonize the surveillance of digital assets between Member States and provide legal clarity to companies operating in the sector.
Gemini have constantly built its regulatory base in the region. In May, the company obtained a market directive in financial instruments (Mifid II) License to offer derivatives. This was followed by the launch of token stocks in Europe a month later.
The Crypto Exchange said that the Mica license highlights its long -standing emphasis on compliance while it seeks to introduce additional offers, including derivatives, retail and institutional customers in Europe.
Gemini is also one of several cryptographic companies that seek to become public. Last week, the company said it had hired Goldman Sachs (GS)Citigroup (C)Morgan Stanley (Ms) And Cantor as a main bookrunners for its planned IPO.
Read more: Gemini hiring Goldmans, Citi, Morgan Stanley and Cantor as a main bookrunners for its IPO
