ChainCatcher news, cryptocurrency exchange Gemini announced that it will establish a dedicated compliance center in Malta to ensure compliance with the EU's Markets in Crypto-Assets Regulation (MiCA) framework. This initiative follows Gemini's receipt of its sixth European Virtual Asset Service Provider (VASP) registration certificate issued by the Malta Financial Services Authority (MFSA) in December 2024.Gemini stated that Malta actively supports fintech innovation and the crypto ecosystem, providing an ideal environment for its operations in Europe.

ChainCatcher news, according to CoinDesk, the EU banking regulator EBA (European Banking Authority) held a public hearing on Thursday to discuss its proposed operational guidelines for stablecoin issuers under the upcoming Markets in Crypto-Assets (MiCA) framework. During the hearing, officials urged the public and industry members to engage with them to establish the right rules.It is reported that at Thursday's hearing, EBA policy officials broke down their proposed guidelines for Asset-Referenced Token (ART) issuers, which MiCA defines as cryptocurrencies that maintain stability by referencing one or more official currencies or asset values. The hearing covered the EBA's first set of guidelines regarding internal governance for stablecoin issuers, management requirements, compliance, compensation, and recommendations for disclosing conflicts of interest.