Gemini, the cryptocurrency exchange run by Tyler and Cameron Winklevoss, announced it has chosen the Republic of Ireland as its new European home. Following a meeting between the crypto co-founders, the Irish Prime Minister Leo Varadkar, and the representatives of the Industrial Development Agency (IDA), the body responsible for foreign investment into Ireland, the Winklevoss brothers shared a statement expressing their excitement to be part of the vibrant tech community in Dublin. Gemini CEO Tyler Winklevoss stated that the discussions in Dublin were centered on “the profound promise of crypto and the importance of common sense regulation to realize that promise.” Gemini was the first crypto company to be registered as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland in July 2022, and is looking to leverage the recently adopted Markets in Crypto Assets (MiCA) regulatory framework to govern cryptocurrencies in the European Union (EU). This move follows a wave of wider crackdowns on cryptocurrency companies in the U.S., including Gemini, Kraken, and Coinbase. Though the Winklevoss twins visited London earlier this week to meet with officials at the Financial Conduct Authority (FCA) and Bank of England, Gemini still has no intention of leaving the U.S.

This is good news as it shows Gemini is looking to invest in European markets and leverage common sense regulation to realize the promises of cryptocurrencies. It is also reassuring that Gemini has no intention of leaving the U.S., and will continue to fight the good fight there.

Gemini, the cryptocurrency exchange run by Tyler and Cameron Winklevoss, announced it has chosen the Republic of Ireland as its new European home. Following a meeting between the crypto co-founders, the Irish Prime Minister Leo Varadkar, and the representatives of the Industrial Development Agency (IDA), the body responsible for foreign investment into Ireland, the Winklevoss brothers shared a statement expressing their excitement to be part of the vibrant tech community in Dublin. Gemini CEO Tyler Winklevoss stated that the discussions in Dublin were centered on “the profound promise of crypto and the importance of common sense regulation to realize that promise.” Gemini was the first crypto company to be registered as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland in July 2022, and is looking to leverage the recently adopted Markets in Crypto Assets (MiCA) regulatory framework to govern cryptocurrencies in the European Union (EU). This move follows a wave of wider crackdowns on cryptocurrency companies in the U.S., including Gemini, Kraken, and Coinbase. Though the Winklevoss twins visited London earlier this week to meet with officials at the Financial Conduct Authority (FCA) and Bank of England, Gemini still has no intention of leaving the U.S.

This is good news as it shows Gemini is looking to invest in European markets and leverage common sense regulation to realize the promises of cryptocurrencies. It is also reassuring that Gemini has no intention of leaving the U.S., and will continue to fight the good fight there.

#Gemini #Cryptocurrency #Europe #Ireland #MiCA #Regulation

You can read more about this topic here: Decrypt: Crypto Exchange Gemini Turns to Ireland for European Headquarters

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