Overview
- Malta’s financial regulator granted the MiCA license on Wednesday, according to official MFSA records.
- The approval lets Gemini offer crypto products and services across more than 30 countries in the European Economic Area.
- Gemini also holds a May MiFID II investment‑firm authorization that permits it to offer derivatives in the EU.
- The move follows Gemini’s filing to list Class A shares on the Nasdaq under ticker GEMI, with IPO documents showing a $282.5 million net loss in the first half of 2025.
- The licensing landscape faces scrutiny over the speed and consistency of MiCA approvals, with Malta singled out by some EU regulators even as the MFSA says its authorizations remain intact.