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.
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