{"id":20480,"date":"2025-01-20T19:00:00","date_gmt":"2025-01-20T17:00:00","guid":{"rendered":"https:\/\/forklog.com\/en\/gemini-establishes-malta-hub-to-comply-with-mica\/"},"modified":"2025-01-20T19:00:00","modified_gmt":"2025-01-20T17:00:00","slug":"gemini-establishes-malta-hub-to-comply-with-mica","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/gemini-establishes-malta-hub-to-comply-with-mica\/","title":{"rendered":"Gemini Establishes Malta Hub to Comply with MiCA"},"content":{"rendered":"<p>The Gemini exchange <a href=\"https:\/\/www.gemini.com\/blog\/gemini-selects-malta-as-mica-hub-in-european-expansion-milestone\">has chosen<\/a> Malta as a hub to ensure compliance with the European Union&#8217;s Markets in Crypto-Assets (MiCA) regulation.<\/p>\n<p>The decision is driven by the country&#8217;s authorities encouraging the development of fintech innovations and the crypto ecosystem.<\/p>\n<p>In December 2024, the company received a license to service virtual financial assets from the <span data-descr=\"Malta Financial Services Authority\" class=\"old_tooltip\">MFSA<\/span>.<\/p>\n<p>Platform representatives noted that in the <a href=\"https:\/\/www.gemini.com\/blog\/introducing-the-2024-global-state-of-crypto-report\">2024 market report<\/a>, 39% of cryptocurrency owners cited a lack of regulatory clarity as a barrier to market entry. The implementation of MiCA legitimizes digital assets in the EU.<\/p>\n<p>In the coming months, Gemini plans to introduce new features for retail and institutional clients, strengthen its presence in the region, and enhance the user experience in 32 European countries (<span data-descr=\"European Economic Area\" class=\"old_tooltip\">EEA<\/span> and the United Kingdom).<\/p>\n<p>Earlier, Kaiko calculated that by November 2024, MiCA-compliant stablecoins like EURC, EURCV from Societe Generale, and EURI from Banking Circle captured a record <a href=\"https:\/\/forklog.com\/en\/news\/kaiko-highlights-2024-in-ten-best-charts\">market share of 91%<\/a>.<\/p>\n<p>JPMorgan believes that the legislation, which came into effect on December 30, 2024, <a href=\"https:\/\/forklog.com\/en\/news\/mica-will-boost-euro-denominated-stablecoins-says-jpmorgan\">has laid the groundwork<\/a> for the development of euro-denominated stablecoin segments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Gemini exchange has chosen Malta as a hub to ensure compliance with the European Union&#8217;s Markets in Crypto-Assets (MiCA) regulation. The decision is driven by the country&#8217;s authorities encouraging the development of fintech innovations and the crypto ecosystem. In December 2024, the company received a license to service virtual financial assets from the MFSA. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20479,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[719,745,1483,36],"class_list":["post-20480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-gemini","tag-malta","tag-mica","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=20480"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20480\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/20479"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=20480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=20480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=20480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}