Last Updated on May 26, 2023 by Bitfinsider
The Dublin, Ireland office will serve as the headquarters for Gemini’s European activities, the company revealed. On Thursday, Cameron Winklevoss tweeted that American crypto exchanges were expanding their operations in response to a growing governmental crackdown in the United States.
Gemini reportedly chose Dublin as the location for its European headquarters because of the city’s vibrant start-up culture. Markets in Crypto Assets (MiCA) regulation was authorized last week by the European Union, prompting several crypto companies to consider leaving the United States.
Irish Prime Minister Leo Varadkar came to Twitter to offer his congratulations to the Gemini sign.
The Prime Minister added that Gemini’s choice to locate its headquarters in Ireland demonstrates the Irish government’s commitment to innovation.
Varadkar said: “Gemini’s decision to locate in Ireland highlights our competitive offering for the international financial services sector. I wish Gemini every success as they build their team in Ireland.”
Gemini was the first cryptocurrency exchange to register with the Central Bank of Ireland as a Virtual Asset Service Provider (VASP) in July 2022. In February 2022, the exchange obtained an Electronic Money Institution (EMI) license from the Bank.
Gemini Foundation, an offshore cryptocurrency derivative platform, was introduced less than a month ago. The new exchange was introduced in 30 nations, however consumers in the US, UK, or EU are not able to use it.
Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.