Gemini Receives License to Offer Electronic Money Services in Ireland
The Winklevoss brothers’ crypto exchange Gemini has received an electronic money operator license from the Central Bank of Ireland. The company was authorized on March 14, 2022, according to the register of the regulator.
Gemini Payments, an affiliate of the Bitcoin exchange, has been entered into the register of the Central Bank Limited. Similar licenses are held by Stripe, Meta (formerly Facebook), Google and Coinbase.
Gemini applied for a license in early 2020, after the UK, where the company is accredited by the FCA, left the European Union. In 2021, the platform opened an office in Dublin and hired former Leveris chief strategy officer Gillian Lynch as CEO of the local division.
According to the website of the Irish Central Bank, the approval of the regulator will allow the exchange to “issue in the country electronic money in accordance with the EU Regulation of 2011.”