PANews reported on January 9 that according to CoinDesk, the cryptocurrency exchange Gemini has appointed a new European executive team to promote its regional expansion plan in 2025. Mark Jennings was appointed as the head of Europe. He previously served as the chief operating officer of Kraken's European business; Daniel Slutzkin was appointed as the head of the UK. He previously came from the British broker Stake. In addition, Vijay Selvam will serve as the international general counsel, responsible for the licensing and regulatory strategy in Europe and the UK. He was transferred from the Gemini Asia-Pacific team to work in the UK.

The appointment comes as EU member states face a Dec. 30 deadline to implement the MiCA regulation, which sets new rules for crypto service providers. Jennings said Gemini is committed to seizing sustainable growth opportunities under the European regulatory framework and expanding its digital asset business.