Gemini wins Irish electronic money license: report
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has received an electronic money license from the Irish central bank in the first such award since October 2020.
The license allows Gemini to issue electronic money in Ireland, as it already does in the UK, according to a report on Monday from The Irish Times. Payments provider Stripe and social media giant Meta are among firms that already have such a license.
Gemini applied for its Irish license in early 2020, partly due to the impact of the 2016 Brexit vote, The Irish Times said. The company set up an office in Dublin last year and hired Gillian Lynch, former chief strategy officer at Leveris, to head up its Irish operations.
Gemini didn’t immediately respond to an email seeking comment on the report.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Andrew Rummer
