Ireland’s Central Bank Grants Gemini An E-money License.
According to The Irish Times, Gemini, launched by the Winklevii twins Tyler and Cameron, became the first fintech company to get an Irish license since October 2020 on Monday (March 21, 2022). The crypto exchange first requested the license in 2020, partly due to the impact of Brexit. Later in 2021, Gemini opened an office in Dublin and appointed Gillian Lynch, former chief strategy officer, to manage operations there.
Gemini can now create electronic money in Ireland thanks to the license. The crypto exchange has a comparable license from the UK’s Financial Conduct Authority (FCA). In addition to Gemini, other firms with the e-money license include financial services provider Stripe, social media giant Meta, and internet titan Google.
Meanwhile, top US-based cryptocurrency exchange Coinbase has a foothold in Ireland, and Binance, the world’s largest crypto exchange by trading volume, previously stated that it was considering Ireland as a location for a worldwide headquarters.
However, the Central Bank of Ireland stated in February 2022 that it was highly improbable that the apex bank would permit cryptocurrency exposure for retail investors.
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.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
KAZ
CoinCu News
Author
News
Ireland’s Central Bank Grants Gemini An E-money License.
According to The Irish Times, Gemini, launched by the Winklevii twins Tyler and Cameron, became the first fintech company to get an Irish license since October 2020 on Monday (March 21, 2022). The crypto exchange first requested the license in 2020, partly due to the impact of Brexit. Later in 2021, Gemini opened an office in Dublin and appointed Gillian Lynch, former chief strategy officer, to manage operations there.
Gemini can now create electronic money in Ireland thanks to the license. The crypto exchange has a comparable license from the UK’s Financial Conduct Authority (FCA). In addition to Gemini, other firms with the e-money license include financial services provider Stripe, social media giant Meta, and internet titan Google.
Meanwhile, top US-based cryptocurrency exchange Coinbase has a foothold in Ireland, and Binance, the world’s largest crypto exchange by trading volume, previously stated that it was considering Ireland as a location for a worldwide headquarters.
However, the Central Bank of Ireland stated in February 2022 that it was highly improbable that the apex bank would permit cryptocurrency exposure for retail investors.
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.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
KAZ
CoinCu News
Other Posts
Related Posts
Latest
Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets
Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6
Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!
Press Release
Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets
Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6
