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The regulatory pressures in the United States have prompted numerous major crypto-centric firms to explore opportunities overseas, and Gemini is among them.
The company, founded by the Winklevoss twins, has successfully obtained a license to function as a Virtual Asset Service Provider in Ireland. It announced that its European operations will be based in Dublin.
- Leo Varadkar, the Prime Minister of Ireland, took the moment to officially commend Gemini.
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Gemini – the inaugural firm registered by the Central Bank of Ireland as a Virtual Asset Service Provider. This is a notable achievement for Ireland as the Government emphasizes innovation as a catalyst for growth. I wish Gemini all the best as they expand their team in Ireland.
- Additionally, the Prime Minister remarked that the company’s choice to establish operations in Ireland “highlights” their “competitive offering for the international financial services sector.”
- According to recent reports, Gemini has also revealed intentions to set up its headquarters for EU operations in Dublin.
- This development precedes the rollout of the world’s first comprehensive regulatory framework for cryptocurrency assets across the EU – MiCA.
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