Regulatory tensions in the U.S. have caused many large crypto-focused companies to look overseas, and Gemini is no exception.
The company, led by the Winklevoss twins, has successfully secured a license to operate as a virtual asset service provider in Ireland. The company announced that its European operations will be based in Dublin.
- Irish Prime Minister Leo Varadkar took the opportunity to formally congratulation Gemini.
Gemini – First company registered with the Central Bank of Ireland as a virtual asset service provider. This is important for Ireland as the Irish government focuses on innovation as a growth driver. We wish Gemini all the best as they build their team in Ireland.
- The Prime Minister also said the company’s decision to locate its operations in Ireland “highlights” the firm’s “competitive offerings in the international financial services sector”.
- every recent reportGemini also announced plans to establish its EU business headquarters in Dublin.
- This comes ahead of the introduction of MiCA, the world’s first comprehensive regulatory framework for crypto assets across the EU.
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