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Regulatory tensions in the United States have caused many large crypto-focused companies to look overseas, and Gemini is no exception.
The firm led by the Winklevoss twins has managed to secure a license to operate as a virtual asset service provider in Ireland. The company said it would host its European operations in Dublin.
- Leo Varadkar, Prime Minister of Ireland formally took the occasion Congrats Gemini.
Gemini – The first firm to be registered as a Virtual Asset Service Provider by the Central Bank of Ireland. This is important for Ireland as the government focuses on innovation as a driver of growth. I wish the Geminis every success as they build their team in Ireland.
- Furthermore, the PM also said that the company’s decision to base operations in Ireland “highlights” their “competitive offering to the international financial services sector”.
- per se reportsGemini has also announced plans to set up its headquarters for its EU operations 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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