Crypto exchange Gemini will have a second home in Ireland after co-founder Cameron Winklevoss announced it would make Ireland its European headquarters.Gemini, which is run by both Cameron Winklevoss and his twin Tyler, is based in New York.
Cameron Winklevoss tweeted on Thursday that he met with Ireland Prime Minister Leo Varadkar about “the profound promise of crypto and the importance of common sense regulation to realize that promise,” while also touting Markets in Crypto-Assets regulation, which will be set forth next year. “We also announced that @Gemini has made Ireland its European HQ.
Onward!,” Cameron Winklevoss tweeted. Varadkar also took to Twitter, and said Gemini was the first firm registered by the Central Bank of Ireland as a “virtual asset service provider,” or VASP. “Gemini's decision to locate in Ireland highlights our competitive offering for the international financial services sector,” Varadkar said.
The European Council adopted MiCA earlier this month, which would require firms that want to issue, trade, and safeguard crypto assets, tokenized assets, and stablecoins in the 27-country bloc to obtain a license.Gemini got its VASP license in July 2022, according to a statement.“Gemini was founded on the ethos of asking for permission, not forgiveness.Read more on cryptonews.com