The post EU Crypto Rules Spark Backlash Over Fast-Track Licenses appeared first on Coinpedia Fintech News
As Europe rolls out its new MiCA rules, major crypto companies are lining up to get licensed and operate across the EU. But some regulators are worried that things are moving too fast.
According to Reuters, Gemini, the crypto platform founded by billionaire twins Tyler and Cameron Winklevoss, is about to receive a license in Malta, the EU’s smallest country. This would give them the green light to operate across all 27 member states.
This comes shortly after Malta approved licenses for OKX and Crypto.com, just weeks after MiCA came into effect.
Malta’s Fast-Track Approvals Face Scrutiny
Malta’s fast approvals are raising eyebrows among EU regulators, especially under the watch of the European Securities and Markets Authority (ESMA). France’s AMF has warned that weak oversight could lead to a “race to the bottom.” One official even raised concerns over w
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