PANews reported on January 20 that according to Cointelegraph, the cryptocurrency exchange Gemini founded by the Winklevoss brothers announced that Malta would be its European Crypto-Asset Market Regulatory Framework (MiCA) compliance center. Gemini previously obtained a virtual asset service provider (VASP) license issued by the Malta Financial Services Authority (MFSA) in December 2024, which is its sixth VASP license in Europe.

Mark Jennings, head of Gemini Europe, said that although it has not yet obtained a MiCA license, Gemini is preparing for the MiCA transition period by integrating a VASP license and a unified compliance infrastructure. The MiCA framework enables Gemini to launch scalable solutions covering the whole of Europe, while also bringing greater regulatory transparency and certainty to the crypto industry.

However, there is still uncertainty about the regulation of stablecoins, especially Tether’s USDT, which may face the risk of being delisted in the EU due to non-compliance with MiCA requirements.