Gemini crypto exchange has received a license to issue e-money in Ireland

With the license, the company can offer a wider range of services in the field of cryptocurrencies and NFTs in the country

21.03.2022 - 15:05

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What’s new? The Gemini cryptocurrency exchange has received a license to issue electronic money from the Central Bank of Ireland. The company has joined Stripe, Facebook, and Google, which have a similar license, The Irish Times reports.

Information on the website of The Irish Times

How did events develop? Gemini applied for a license in the country in early 2020. The company opened an office in Dublin in 2021. Through Ireland, the exchange plans to expand its activities into the European Union. By obtaining a license to issue e-money, the company can offer a wider range of services in the field of cryptocurrencies and NFTs in the country.

What is known about the company? Gemini was founded in 2014. It is one of the few crypto exchanges that has been licensed by the UK’s Financial Conduct Authority (FCA) and also has the right to issue e-money. The platform allows retail investors to buy, sell and hold cryptocurrencies, as well as create and invest in NFTs. Gemini manages its own stablecoin, the Gemini dollar, which can be used to make transactions on the exchange.

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