Gemini becomes Ireland’s first licensed digital-asset service provider

The cryptocurrency exchange Gemini has received approval from the Central Bank of Ireland to operate as a provider of digital-asset services.

We are thrilled to announce that Gemini is the first company to be registered as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland.

Learn more on our blog: https://t.co/fDYN81Nwoo pic.twitter.com/ML2LIZVHRU

— Gemini (@Gemini) July 19, 2022

Users will have access to trading and custody of more than 100 cryptocurrencies, and will be able to deposit funds into accounts in euros and British pounds.

Gemini opened an office in Dublin in 2021. A year earlier the platform applied for a licence to operate as an electronic money issuer. The company авторизовали in this capacity in March 2022.

In 2020, Gemini получила лицензию FCA to operate with digital assets in the United Kingdom.

Earlier in July, it emerged that the platform was cutting staff in a second round of layoffs. In total, Gemini’s headcount was reduced by 17%.

Earlier this year the company acquired the trading-technology provider Omniex and absorbed the cryptocurrency portfolio-management platform BITRIA.

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