Gemini became the first crypto exchange authorized to operate as a Virtual Asset Service Provider (VASP) in Ireland.
It is worth noting that the VASP registration in Ireland was introduced last year, requiring firms to abide by anti-money laundering laws and counter the financing of terrorism.
Gillian Lynch – Gemini’s Head of Ireland and Europe – said that settling in the nation is a “huge step” considering the company’s ambitions and the strict domestic requirements. “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. This registration helps customers have confidence in Gemini as a secure and transparent provider,” she added.conducted by Gemini earlier this year determined that Ireland is the most crypto-curious country across the globe. Nearly 60% of the Irish find digital assets interesting, while 18% are HODLers.
Despite the latest expansion, the exchange had to cope with some significant issues caused by the market’s decline and the outflow of investors. A month ago, it
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