Crypto Exchange Gemini Wins Regulatory Approval in Ireland

Crypto exchange Gemini announced that it has received the first Virtual Asset Service Provider (VASP) registration from the Central Bank of Ireland. Crypto investors in Ireland will now be able to access the Gemini exchange and custody service to buy, sell, and store over 100 cryptocurrencies in EUR and GBP. Irish Central Bank Authorizes Gemini Gemini, the crypto exchange founded by the Winklevoss twins has become the first company to receive Virtual Asset Service Provider (VASP) registration from the Irish Central Bank. This comes just after it recently secured the electronic money institution license granted by the Central Bank of Ireland in February. We are thrilled to announce that Gemini is the first company to be registered as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland. Learn more on our blog: https://t.co/fDYN81Nwoo pic.twitter.com/ML2LIZVHRU — Gemini (@Gemini) July 19, 2022 The VASP registration in Ireland was introduced last year and requires the Central Bank to review firms to ensure they have appropriate procedures around anti-money laundering and countering the financing of terrorism. Commenting on the development, Gillian Lynch, Gemini Head of Ireland and EU, said: “We are excited to offer our products and services to individuals and institutions in Ireland and countries in Europe. We opened our EU headquarters in Dublin in 2021, adding an important hub to Gemini’s global footprint. As ...