Gemini set to provide crypto exchange services in Ireland

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Crypto exchange, Gemini has become the first crypto exchange authorized to operate as a Virtual Asset Service Provider (VASP) in Ireland.

The Central Bank of Ireland granted regulatory approval to the cryptocurrency exchange Gemini to offer digital asset services in the local market. Moreover, the company became the first to be registered as a Virtual Asset Service Provider (VASP) in the country.

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

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.

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