Gemini Is Licensed To Operate In Italy And Greece

Crypto exchange Gemini has been accepted for registration with an Italian authority, allowing the platforms to service consumers in the nation.

Crypto companies must be approved for registration through a local legal organization with the Organismo Agenti e Mediatori (OAM), which keeps a registry of financial agents working in the nation. Registration with OAM implies that the two platforms will be subject to the country’s anti-money-laundering regulations.

Since the list’s inception in May, cryptocurrency exchanges such as Binance, Coinbase, and Coinify have been allowed for registration.

Gemini was added to the OAM register on November 4.

Gemini is a global cryptocurrency exchange. Founded in 2014, the exchange is the brainchild of Cameron and Tyler Winklevoss, the famous investors, twins, and Harvard classmates of Mark Zuckerberg. It is unique for its custodial service, which holds $200 million in insurance for its crypto holders.

The exchange boasts a diverse range of products for small investors and advanced traders, offering features like charting and instant trades. Gemini Exchange is the platform for buying and selling cryptocurrency. It is available both through web browsers and as an app. The mobile app also includes the Gemini Wallet, which allows users to pay for goods using their crypto holdings.

Gemini currently operates in 65 countries and was recently registered with Greece’s Hellenic Capital Markets Commission as a custodial wallet provider and supplier of exchange services between virtual and fiat currencies, the company announced on Wednesday.

Recently, the exchange has been experiencing problems related to Genesis and Digital Currency Group, companies that have been affected by the collapse of the FTX empire.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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