Gemini also plans to expand its workforce after the European Union embraces the new markets in Crypto Asset Regulations (MiCA), which was officially approved on May 16.
Owns Gemini Cryptocurrency open that Dublin, Ireland, will be home to its new European headquarters. On May 25, cryptocurrency owners Tyler and Cameron Winklevoss told reporters that a well-established technology and innovation community, strong regulatory landscape, and huge talent pool all influenced their decision to choose Dublin.
The latest move has been described as one that will see the US cryptocurrency firm spread its reach across the European continent.
The billionaire investors, who founded Gemini, also met with Leo Varadkar, the prime minister of the northwestern European country, stating that Ireland is their gateway to the European Union as they plan to spread their business across the continent.
Cameron Winklevoss stated that the company reviewed all of the European Union as potential entry points, and they felt comfortable with Ireland and the reputation of the regulator. Following the official announcement, the Prime Minister also took to Twitter to congratulate Gemini on the achievement.
Varadkar recognized the profound significance of this latest achievement for the Irish economy and his commitment to fostering innovation.
The cryptocurrency exchange currently boasts a cryptocurrency trading platform in Ireland and 11 other European countries as of the last quarter of 2022, all of which were launched as part of its plans to become a household name in the European crypto scene.
Gemini also has a well-established presence in Dublin, where it boasts an operational office with a workforce of 12 people. This came after Gemini was awarded a Virtual Asset Service Provider license from the Central Bank of Ireland in July 2022.
According to the twin brothers, their company is on track to expand its workforce in Europe after the European Union embraced the New Markets in Crypto Asset Regulations (MiCA), which was officially approved on May 16.
The latest move by Gemini comes as regulatory pressure builds in the US, which has seen heavy criticism, with some market experts calling it a war on digital assets.
The crypto company has recently been hit with a series of charges by the Securities and Exchange Commission (SEC). Cameron Winklevoss described the situation as difficult and accused the SEC of inconsistency in its actions.
In April, Gemini announced plans to set up an engineering hub in India to tap its growing pool of tech talent.
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