Breaking: Gemini Becomes First To Register In This European Economy

Gemini crypto exchange, owned by the Winklevoss brothers, has become the first in Ireland to be registered as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland. Also, the crypto exchange secured Electronic Money Institution (EMI) license from the central bank in March.

Gemini Gets Virtual Asset Service Provider License in Ireland

Crypto exchange Gemini in an official blog on July 19 announced being registered as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland. With the registration, the Winklevoss brothers-owned crypto exchange becomes the first in the country to receive the license.

The central bank requires all crypto companies providing digital asset services to register for VASP to ensure compliance with Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) laws.

Gillian Lynch, head of Ireland and Europe at Gemini, the VASP registration marks a huge milestone for the company to expand its cryptocurrency services in Ireland and across Europe. Moreover, the regulations and their compliance help build customers’ confidence in Gemini as a secure and transparent provider.

“We believe that regulation is vital to protect investors and offer a safe experience with digital assets. Dublin is Gemini’s European headquarters and we are seeing huge interest in crypto here.”