Gemini Secures Landmark Virtual Asset Service Provider (VASP) Registration in Ireland
In a significant move for the cryptocurrency industry, Gemini has achieved a major milestone. Gemini has become the first exchange to register as a Virtual Asset Service Provider in Ireland. This positions Gemini as a leader in regulated cryptocurrency services within the European Union.
Gemini Now a Registered VASP in Ireland
The approval was provided by the Central Bank of Ireland, marking a pivotal moment for the New York-based crypto trading platform Gemini. The company claims to be the first one to get registered as a virtual asset service provider (VASP) by the Central Bank of Ireland (CBI).
Gemini, a cryptocurrency exchange and custodian, received the first Virtual Asset Service Provider (VASP) registration from the Central Bank of Ireland.
What This Means for Gemini and Ireland
As a result of this registration, Gemini cryptocurrency exchange has been registered as a Virtual Asset Service Provider (VASP) in Ireland. This allows Gemini to offer its services to Irish residents under a regulated framework. The exchange also received authorization to serve as an Electronic Money Crypto exchange and custodian.
Gemini Trust Company Gains VASP Approval
Gemini Trust Company has obtained approval for registration as a Virtual Asset Service Provider (VASP) in Ireland. This reinforces Gemini's commitment to compliance and security within the digital asset space.
This registration underscores Ireland's growing importance as a hub for cryptocurrency innovation and regulation. It also solidifies Gemini's position as a trusted and compliant platform for digital asset trading and custody.