Gemini gets electronic money license from the Central Bank of Ireland
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer Gemini gets electronic money license from the Central Bank of Ireland
US-based crypto custodian and exchange Gemini has been granted an electronic money license from the Central Bank of Ireland.
According to The Irish Times, published on Monday, March 21, 2022, Gemini, founded by the Winklevoss twins, has become the first fintech company to receive the Irish license since October 2020.
The cryptocurrency exchange first applied for the license earlier in 2020 in part due to the impact of Brexit, the newspaper reported.
Later in 2021, Gemini set up an office in Dublin and appointed Gillian Lynch, chief strategy officer, to lead operations in the Irish capital.
Through licensing, Gemini can issue electronic money in Ireland.
According to the report, the cryptocurrency trading platform holds a similar license from the UK’s Financial Conduct Authority (FCA).
Read:Report: “Facebook” sets the date for the launch of its digital currency
In addition to Gemini, other companies such as financial services company Stripe, social media giant Meta and tech giant Google also have the electronic money license.
Meanwhile, Coinbase, a leading cryptocurrency exchange in the United States, is also present in Ireland, while Binance, the world’s largest cryptocurrency exchange by trading volume, said earlier that it is considering making Ireland its global headquarters.
In February 2022, the Central Bank of Ireland said it was unlikely the major bank would approve exposure to cryptocurrency for retail investors.
Read:Here’s how “CoinEx Charity” was positively present on Eid al-Adha in several Islamic countries!
Read also:
Ethereum founder criticizes “BAYC” stating: This is not what Ethereum was built for
Bitcoin touches $43,000, Ethereum reclaims $3000
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time