back Back

Gemini received VASP registration from the Central Bank of Ireland

By Joy Dumasia

July 20, 2022

  • Asset
  • Asset Management
  • Central Bank of Ireland
Share

Gemini, a cryptocurrency exchange and custodian, received the first Virtual Asset Service Provider (VASP) registration from the Central Bank of Ireland. The company is now approved to provide its crypto services to individuals and institutions in the Irish market. Gemini is a platform that offers simple tools to buy, sell, and store cryptocurrencies like bitcoin and ether. 

Gemini was founded in 2014 in the US by Cameron and Tyler Winklevoss. The company recently secured an Electronic Money Institution (EMI) authorisation from the Central Bank, the first such authorisation granted since 2020. 

Gillian Lynch, Head of Ireland and Europe at Gemini, said: “This is a huge step towards offering our cryptocurrency services in Ireland. We believe that regulation is vital to protect investors and offer a safe experience with digital assets. We are delighted that following a thorough review of our security and compliance programmes, the Central Bank has issued Gemini with a VASP registration.”  

Dublin is Gemini’s European headquarters, and we are seeing huge interest in crypto here. Our research has found that 58% of Irish consumers who do not currently own cryptocurrency are interested in learning more or are likely to acquire it in the next 12 months. This registration helps customers have confidence in Gemini as a secure and transparent provider.” 

The VASP registration was introduced in Ireland last year and required the Central Bank to review the effectiveness of crypto businesses’ Anti-Money Laundering and Counter-Terrorist Financing policies and procedures and the fitness of firms’ management teams. 

Previous Article

July 20, 2022

iwoca doubles the size of its Flexi-loan to £500K to meet the demand for larger loans

Read More
Next Article

July 20, 2022

Agora Group successfully hosts Global Blockchain Congress in Vietnam

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

October 11, 2024

MeaWallet & B89 to advance digital payments with tokenisation

Read More

October 09, 2024

Savings platform Moneybox renews partnership with GoCardless

Read More

October 09, 2024

WadzChain unveils Hybrid Blockchain to boost global payments for businesses

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q3 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More