Regulatory tension in the United States has caused many large crypto-focused companies to look abroad, and Gemini is no exception.
The firm led by the Winklevoss twins has managed to obtain a license to operate as a virtual asset service provider in Ireland. The company said it will house its European operation in Dublin.
- Leo Varadkar, the Prime Minister of Ireland, took the opportunity to formally to congratulate Gemini.
Gemini – the first company registered by the Central Bank of Ireland as a provider of virtual asset services. This is important for Ireland as the Government focuses on innovation as a driver of growth. I wish Gemini every success in building their team in Ireland.
- In addition, the prime minister also said the company’s decision to base its operations in Ireland “highlights” its “competitive offering to the international financial services sector.”
- for recent reportsGemini has also announced plans to establish its headquarters for its EU operations in Dublin.
- This comes ahead of the introduction of the world’s first comprehensive regulatory framework for cryptocurrency assets across the EU – MiCA.
Binance Free $100 (Exclusive) – Use this link to sign up to receive $100 free and 10% off your first month’s fees for Binance Futures (terms).
PrimeXBT Special Offer: Use this link to sign up and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposits.
