The cryptocurrency exchange, Gemini, founded by Cameron and Tyler Winklevoss, has received regulatory approval to expand crypto derivatives trading across Europe.
In an announcement on May 9, the company announced Gemini of securing a Markets in Financial Instruments Directive II (MiFID II) license from the Malta Financial Services Authority (MFSA), allowing the exchange to offer crypto derivatives in the European Union.
Mark Jennings, Gemini’s head of Europe, said, “Once we commence business activities, we will be able to offer regulated derivatives throughout the EU and EEA [European Economic Area] under MiFID II.”
The MiFID II license is a big milestone in Gemini’s European expansion, according to the exec. This putts it one step closer to offering derivatives to both retail and institutional users.
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Taiwan lawmaker calls for Bitcoin reserve at national conference
Ko Ju-Chun, a Taiwanese lawmaker has called on the government to consider adding Bitcoin to its national reserves, suggesting it could serve as a hedge against global economic uncertainty.
According to Cointelegraph, Ko, who is a legislator at-large in Taiwan’s legislative body, the Legislative Yuan, took to X on Friday to report that he had advocated Bitcoin BTC$103,698 investment by the Taiwanese government at the National Conference on May 9.
In his remarks, Ko gave importance to Bitcoin's potential to become a hedge amid global economic risks and urged Taiwan to recognize the cryptocurrency alongside gold and foreign exchange reserves to boost its financial resilience.
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This announcement by Ko came shortly after the legislator held talks with Samson Mow, who advocates for Bitcoin adoption by states like El Salvador at his BTC tech firm Jan3.
Metaplanet is raising another $21M through bonds to buy more Bitcoin
Metaplanet, a Japanese investment firm, is raising more funds through another bond issue to expand its growing crypto treasury.
The firm said in a May 9 statement, through a $21.25 million issue of “0% Ordinary Bonds,” all the “funds raised will be allocated to the purchase of Bitcoin.”
Zero-coupon bonds don’t offer any interest to the holder. Most of the time, they are issued at a steep discount from their normal value, and when they mature, the holder receives the full value.
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Following its May 9 board of directors meeting, the company announced that it would issue its fourteenth stock acquisition rights to Cayman Islands investment management company EVO Fund, with a redemption date of November 7.
According to Cointellegrph, at current prices, Metaplanet could buy 206 Bitcoin BTC $103,793 if it raises the full $21.25 million, according to CoinGecko. The firm first flagged plans to buy Bitcoin last April.
