Gemini Will Base European Operations in Dublin, Ireland

The regulatory tension in the United States has caused many large crypto-focused companies to look abroad, and Gemini is no exception.

The company 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 host its European operations in Dublin.

• Leo Varadkar, the prime minister of Ireland, took the opportunity to be formal Congratulations Gemini.

Gemini – the first company to be registered with the Central Bank of Ireland as a Virtual Asset Service Provider. This is important for Ireland as the Government focuses on innovation as a driver of growth. I wish Gemini every success as they build their team in Ireland.

• In addition, the PM also said that the company’s decision to base operations in Ireland “underpins” their “competitive offer for the international financial services sector.”
• In recent reports, Gemini has also announced plans to build its headquarters for its EU operations in Dublin.
• This is mainly due to the introduction of the world’s first comprehensive regulatory framework for cryptocurrency assets across the EU – MiCA.