Irish jobs ‘unaffected’ by latest cuts at Gemini crypto firm via IrishTimesBiz
after becoming the first-ever crypto exchange to receive a virtual asset service provider authorisation from the Central Bank of Ireland. The platform allows customers to buy, sell and hold cryptoassets such as Bitcoin and Ether as well as digital non-fungible tokens .
Gemini has not responded to requests from The Irish Times to comment, nor has it clarified how many Irish contractors it employees and whether their employment will be affected. Gemini and other crypto firms based in Ireland have significantly beefed up staffing over the past 18 months in anticipation of the introduction of the Markets in Crypto Assets regulations across the European Union this year.The company’s Irish arm is helmed by former Levertis and Bank of Ireland executive Gillian Lynch while its rival, Coinbase, recently appointed former Deloitte and Citi executive Cormac Dinan as Irish lead.
Coinbase – which employs more than 200 people in Ireland, mostly in customer service – earlier this month revealed plans to shed 950 jobs, amounting to 20 per cent of its global workforce, in a large-scale restructuring programme that puts 100 Irish jobs in the firing line.
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