Gemini also plans to expand its workforce following the European Union’s adoption of the New Markets in Crypto-Assets Regulation (MiCA), which was formally approved on May 16.
cryptocurrency firm Gemini Is revealed Dublin, Ireland, will be home to its new European headquarters. On May 25, crypto firm owners Tyler and Cameron Winklevoss told reporters that the established technology and innovation community, a strong regulatory landscape and a vast talent pool were all factors that influenced their decision to choose Dublin.
The latest move has been dubbed as one that will see the American crypto firm spread its reach across the European continent.
The billionaire investors who founded Gemini also met with the northwestern European country’s Prime Minister Leo Varadkar, saying Ireland is their gateway into the European Union as they plan to expand their business across the continent.
cameron winklevoss said the firm had reviewed all of the EU as potential entry points, and they feel comfortable with Ireland and the regulator’s reputation. After the official announcement, the Prime Minister also took to Twitter to congratulate Mithun for achieving this feat.
Varadkar recognized the profound importance of this recent milestone for the Irish economy and commitment to fostering innovation.
The crypto exchange currently boasts a cryptocurrency trading platform in Ireland and 11 other European countries by the last quarter of 2022, all launched as part of plans to become a household name in the European crypto scene.
Gemini already has an established presence in Dublin, where it boasts of an operational office with a workforce of 12 individuals. This comes after Gemini was granted a Virtual Asset Service Provider license from the Central Bank of Ireland in July 2022.
According to the twin brothers, their company has set its eyes on broadening its workforce in Europe after the European Union adopted the New Markets in Crypto-Assets Regulation (MiCA), which was formally approved on May 16. Was.
Gemini’s latest move comes as regulatory pressure mounts in the United States, something that has drawn strong criticism, with some market experts describing it as a war on digital assets.
The crypto firm was recently the subject of a series of charges by the Securities and Exchange Commission (seconds, Cameron Winklevoss described the situation as challenging and accused the SEC of lack of consistency in its actions.
In April, Gemini announced plans to set up an engineering hub in India to leverage its growing pool of technical talent.
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