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Crypto Exchange Gemini Says MiCA License Opens ‘Vastly Larger Market'
PYMNTS.com· 2025-08-22 00:24
Group 1 - Gemini has received a Markets in Crypto Assets (MiCA) license from the Malta Financial Services Authority, allowing it to expand its operations in Europe and offer secure crypto services across all 30 European countries [1][2] - The MiCA regulatory framework standardizes crypto laws in EU member states, creating opportunities for the region's crypto ecosystem to grow sustainably [3][4] - Gemini's commitment to regulatory compliance has been emphasized, with the company stating that clear regulation is essential for global crypto adoption [4] Group 2 - The MiCA framework, approved in mid-2023, will be implemented in phases through 2024 and 2025, aiming to streamline crypto operations with stringent licensing requirements and consumer protection obligations [5] - Coinbase also secured a MiCA license in Luxembourg, enabling it to offer crypto products to the 450 million people in EU member states, marking a significant milestone for the company [5][6]