Gemini Picks Malta For Crypto Expansion Under New EU Rules

Cryptocurrency exchange Gemini has picked Malta as the main place for its European operations. The company said this decision shows how much it cares about following the rules and growing its services. It is part of Gemini’s plan to succeed in the changing cryptocurrency market.

In December last year, Gemini earned its Virtual Financial Assets (VFA) Service License in Malta. This is the sixth time the company has been registered as a Virtual Asset Service Provider.

MiCA Rules Help Build Trust In Crypto

According to the update, Gemini picked Malta because the country supports new ideas in technology and digital money. The company said this choice will help it grow in Europe and bring more people into the world of cryptocurrencies.

MiCA, short for Markets in Crypto-Assets, is a list of rules from the European Union. These rules show cryptocurrency companies how to manage their businesses. Gemini said that by following these rules, they can give people safe and trustworthy services.

The MiCA rules also ensure stablecoin issuers follow strict guidelines. Stablecoins are digital currencies linked to regular money, like dollars or euros. These rules help keep stablecoins steady and safe for users. They also work to stop unfair activities and money laundering in the crypto world.

For businesses, MiCA brings a clear and steady path to grow and improve. For investors, it builds trust and gives them confidence in the safety of digital money. Gemini said its decision to follow MiCA rules shows it cares about offering services people can rely on.

Gemini Expands Services Across Europe

Gemini’s move to Malta is part of its plan to grow in Europe. The company shared its State of Crypto report for last year. The report showed that 39% of people who don’t use cryptocurrencies think unclear rules are a problem. The company said that frameworks like MiCA will help fix this by giving clear rules and building trust.

Recently, Gemini launched its services in France. This shows the company’s focus on reaching more people in Europe. Right now, it operates in 32 countries, including places in the European Economic Area and the United Kingdom.

Gemini announced that it has plans to bring new features for both everyday users and businesses. These features are meant to improve the experience for everyone using their platform. The company said it is working hard to grow stronger in the European market.

The Malta hub is a key step in this journey. According to the update, it will help Gemini grow while sticking to the rules. The company wants to bring fun and safety to cryptocurrency, enabling people to trust and use digital money freely.

Gemini said it is excited to expand its services and give users a better experience. As cryptocurrencies grow more popular, Gemini’s move to Malta shows it is ready to lead in this space. With clear rules and new plans, the company is set to shape the future of crypto in Europe.