Arabic AR Chinese (Simplified) ZH-CN English EN French FR German DE Japanese JA Portuguese PT Russian RU Spanish ES Turkish TR
Connect with us

Hi, what are you looking for?

Crypto Exchange

Gemini Wins Irish Central Bank Electronic Money License

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 securing this Electronic Money Institution authorization from the Central Bank of Ireland is a testament to the rigorous standards of our customer protection and compliance programs,” Lynch told The Block in an emailed statement. “Ireland is an international hub for financial services and emerging technologies, and consumers here have a strong interest in innovative fintech products. We look forward to bringing our secure and simple services to individuals and institutions in the Irish market and across Europe more broadly.”

Featured

NFT

Worldwide music and entertainment giant Warner Music Group (WMG) has joined forces with OpenSea to introduce dedicated landing pages for their artists. The WMG roster will...

Finance

Though the recent months haven’t been very good for the crypto industry, this could not deter some crypto investors from being bullish about this...

Altcoin

The down-trending market that took its resistance from $1.35134 on the 10th of September did not go too far before it begins to face...

Crypto News

Robinhood, a leading investment app, has rolled out its newest product — a crypto wallet that charges zero transaction fees to its users. For...