Gemini, a cryptocurrency exchange and custodian, has announced its expansion into Ireland. The company has already received an electronic money institution (EMI) license from the Central Bank of Ireland, allowing it to offer its services to customers in the country. This move follows Gemini’s recent expansion into Australia and Canada, and highlights the company’s commitment to providing safe and regulated cryptocurrency services to customers around the world.
Gemini’s director of communications, Carolyn Vadino, said, “We chose Ireland as our next international expansion hub due to its strong culture of innovation and business-friendly environment. We look forward to working with the Central Bank of Ireland and the Irish government to help grow the cryptocurrency industry in Ireland.”
Gemini’s expansion into Ireland comes at a time when the country is positioning itself as a hub for fintech and blockchain innovation. The Irish government has recently launched a new blockchain initiative aimed at promoting the development of the technology in the country, and the Central Bank of Ireland has been exploring the potential use cases for blockchain in the financial industry.
According to Del Pozo Garcia, Gemini holds “many licenses globally,” such as state money transmitter licenses, an E-Money License from the Financial Conduct Authority in the United Kingdom, and an E-Money License from the Central Bank of Ireland. “Related to our licenses, Gemini must undergo annual audits of our financial statements and is subject to bank examinations conducted by the New York Department of Financial Services,” the director said.
Gemini’s expansion into Ireland is another step forward for the cryptocurrency industry, which has been gaining more mainstream acceptance in recent years. As more companies like Gemini enter the market and provide safe and regulated services to customers, it is likely that we will see continued growth and adoption of cryptocurrencies around the world.