Cryptocurrency Exchange Gemini Chooses Ireland for Its European Headquarters

Cryptocurrency Exchange Gemini Chooses Ireland for Its European Headquarters

Source: Adobe

Crypto exchange Gemini will have a second headquarters in Ireland after co-founder Cameron Winklevoss announced that it has chosen Ireland as its European headquarters.

Directed by Cameron Winklevoss and his twin, Tyler, Gemini is based in New York.

Cameron Winklevoss tweeted on Thursday that he spoke with Irish Prime Minister Leo Varadkar about “the deep crypto valley and the importance of prudent regulation to realize this valley” while also praising the Regulation of Crypto Asset Markets, which will come into force next year.

Cameron Winklevoss said, “We also announced that we have appointed Ireland as the European hub for Gemini. Go ahead!” he tweeted.

Varadkar also tweeted that Gemini was the first company to be registered with the Bank of Ireland as a “real estate service provider” or VASP.

“Gemini’s decision to acquire Ireland underlines our competitive offering in the global financial services industry,” Varadkar said. say.

The Council of Europe adopted a regulation called MiCA this month. he agreed. This regulation will require companies wishing to issue, trade and protect crypto-assets, tokenized assets and cryptocurrencies in the 27-nation European Union to obtain a license.

Gemini, a explain obtained VASP license in July 2022.

Gillian Lynch, President of Gemini for Ireland and the EU, said: “Gemini was founded on the philosophy of asking for permission. From day one, Gemini aims to help create responsible regulations that protect consumers and encourage innovation in collaboration with regulators around the world.” .

Back home

Earlier this year, the US Securities and Exchange Commission (SEC) sued Gemini and cash lender Genesis for allegedly offering and selling unregistered securities to retail investors in the US.

At the time, Gemini’s Tyler Winklevoss called the SEC’s move “disappointing.”

At the time, Winklevoss tweeted: “It is unfortunate that the SEC chose to file a lawsuit today because Gemini and other creditors are working hard to recover the money.”


You may be interested in: