{"id":9048,"date":"2025-01-22T11:02:33","date_gmt":"2025-01-22T11:02:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=9048"},"modified":"2025-01-22T11:02:33","modified_gmt":"2025-01-22T11:02:33","slug":"gemini-relocates-headquarters-from-dublin-malta-is-its-new-hub-for-mica-framework","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=9048","title":{"rendered":"Gemini Relocates Headquarters From Dublin: Malta Is Its New Hub For MiCA Framework"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">On 20 January 2025, US-based Gemini<a href=\"https:\/\/www.gemini.com\/blog\/gemini-selects-malta-as-mica-hub-in-european-expansion-milestone\" target=\"_blank\" rel=\"nofollow\"> announced<\/a> moving its headquarters from Dublin to Malta as its hub for the Markets in Crypto-Assets (MiCA) framework \u2013 implemented by EU lawmakers to standardise crypto regulations across member states.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cHaving received our Virtual Financial Assets (VFA) Service Licence in Malta in December 2024 (our sixth Virtual Asset Service Provider registration), the move will enable us to empower the next era of financial, creative and personal freedom in Europe,\u201d Gemini said.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">A 2024 company report revealed that 39% of non-crypto owners globally stated that a lack of regulatory clarity was a barrier for entry. This suggests that the rollout of comprehensive regulation like MiCA may boost crypto demand in the region.<\/span><\/p>\n<p>Commenting on the move, Mark Jennings, Gemini\u2019s Head of Europe said, \u201cMiCA is a much needed regulatory development for the European crypto community.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Gemini Opens Malta Hub to Comply with MiCA<\/p>\n<p>Crypto exchange Gemini has launched a hub in Malta to align with EU\u2019s MiCA standards, capitalizing on the country\u2019s crypto-friendly policies. Licensed by the MFSA in December 2024, Gemini aims to expand its services to 32 European\u2026 <a href=\"https:\/\/t.co\/1KHlyz6yKJ\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/1KHlyz6yKJ<\/a><\/p>\n<p>\u2014 Cryptol (@newscryptol) <a href=\"https:\/\/twitter.com\/newscryptol\/status\/1881625280285909455?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">January 21, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><strong>Malta Is Actively Encouraging Fintech And Digital Asset Companies\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">For Gemini, Malta can help drive its European operations, especially compliance with MiCA regulations.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The company\u2019s decision is driven by the island nation\u2019s crypto friendly policies.Malta has long been known as the \u201cBlockchain Island.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Maltese government introduced the Virtual Financial Assets Act in 2018, providing a clear legal framework for cryptocurrencies, initial coin offerings (ICOs), and other blockchain-related activities.<\/span><\/p>\n<p>\u201cOur decision to establish Malta as our MiCA hub reflects our commitment to upholding regulatory standards, advancing innovation, and shaping the future of digital assets in Europe,\u201d said Jennings. \u201cWe hope that it serves as a blueprint for crypto regulation globally.\u201d<\/p>\n<p><span style=\"font-weight: 400\">While Ireland has also positioned itself as a tech hub within Europe\u2014housing major operations for companies like Google, Facebook, and Apple\u2014it has a long way to go in defining crypto-specific regulations. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Gemini\u2019s move comes across as a reputation hit to Ireland. Irish Independent <a href=\"https:\/\/www.independent.ie\/business\/technology\/gemini-moves-hq-from-dublin-to-malta-in-blow-to-irelands-reputation-as-european-regulatory-hub-for-crypto-industry\/a1004095595.html\" target=\"_blank\" rel=\"nofollow\">reported<\/a>, \u201cA spokesperson for Blockchain Ireland, which represents Irish industry in the sector, described the move as \u201cdeeply concerning\u201d for Ireland\u2019s place in the emerging European crypto industries, adding that jobs in the sector may now be lost.\u201d<\/span><\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/robinhood-expands-to-spain-offering-crypto-trading-and-staking-under-mica-regulations\/\" rel=\"bookmark\">Robinhood Expands To Spain, Offering Crypto Trading And Staking Under MiCA Regulations<\/a><\/strong><\/p>\n<h2>Pressing Need For MiCA Compliance As US-Based Exchanges Expand To EU<\/h2>\n<p><span data-preserver-spaces=\"true\">Gemini aims to expand to 32 European states. But its not the only one. Many US-based exchanges are actively expanding presence in the EU.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Robinhood Crypto also<a href=\"https:\/\/x.com\/RobinhoodCrypto\/status\/1881635355020922992\" target=\"_blank\" rel=\"nofollow noopener nofollow\">\u00a0announced<\/a>\u00a0its entry into Spain on 21 January 2025, enabling users\u00a0<\/span><span data-preserver-spaces=\"true\">in the country<\/span><span data-preserver-spaces=\"true\"> to access its trading, staking, and investing services.\u00a0<\/span><span data-preserver-spaces=\"true\">This marks the company\u2019s latest move to broaden its European presence, following the implementation of the EU\u2019s MiCA regulations at the end of December 2024.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Robinhood\u2019s expansion aligns with its previously announced strategy to grow in Europe, the UK, and Asia. \u201cIn terms of\u00a0<\/span><span data-preserver-spaces=\"true\">total<\/span><span data-preserver-spaces=\"true\">\u00a0addressable market, [the EU] is as big as the US,\u201d Johann Kerbrat, general manager of Robinhood\u2019s crypto unit, noted last year.<\/span><\/p>\n<p>On 18 January 2025, Crypto.com announced an in-principle\u00a0<a href=\"https:\/\/crypto.com\/en\/company-news\/crypto-com-receives-in-principle-approval-of-markets-in-crypto-assets-mica-licence\" target=\"_blank\" rel=\"nofollow noopener nofollow\">approval<\/a>\u00a0for their MiCA license, making them the first major global crypto service provider to do so.<\/p>\n<p><strong>Explore:<a href=\"https:\/\/99bitcoins.com\/news\/crypto-com-expands-service-to-eu-with-an-in-principle-mica-license\/\" rel=\"bookmark\">Crypto.Com Expands Services To EU With A MiCA License<\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/gemini-relocates-headquarters-from-dublin-malta-is-its-new-hub-for-mica-framework\/\">Gemini Relocates Headquarters From Dublin: Malta Is Its New Hub For MiCA Framework<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On 20 January 2025, US-based Gemini announced moving its headquarters from Dublin to Malta as its hub for the Markets in Crypto-Assets (MiCA) framework \u2013 implemented by EU lawmakers to standardise crypto regulations across member states. \u201cHaving received our Virtual Financial Assets (VFA) Service Licence in Malta in December 2024 (our sixth Virtual Asset Service [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-9048","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/9048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9048"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/9048\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}