Crypto firm Gemini picks Ireland as European base amid US crypto blues
Crypto exchange Gemini has selected Dublin as the headquarters for its European operations, amid a backdrop of crypto companies seeking expansion outside of the United States.On May 25, Cameron and Tyler Winklevoss, who founded Gemini in 2014, confirmed that they had selected Ireland as a base to grow the company’s services across Europe.In a meeting with Ireland’s Prime Minister Leo Varadkar, the twins said that they chose the Emerald Islebecause of its robust regulatory system, deep talent pool and established technology community.Congratulations @Gemini -the first firm registered by the Central Bank of Ireland as a Virtual Asset Service Provider.
This is significant for Ireland as the Government focuses on innovation as a driver of growth. I wish Gemini every success as they build their team in Ireland.
pic.twitter.com/Y3WULIqwNcAccording to research from August 2022, around 10% of Irish adults surveyed held cryptocurrency. However, the figure was down from 12% during the 2021 bull market.
Furthermore, the Irish central bank chief called for a ban on crypto advertising in January.This hasn’t deterred crypto companies from setting up shop there, including crypto exchanges Binance and Kraken, as well as countless blockchain and fintech startups.
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