Winklevoss twins name Dublin as European HQ for Gemini crypto exchange via IrishTimesBiz
Under the framework, which was overwhelmingly backed by the European Parliament in April, firms that issue and trade crypto assets will have to apply for a licence from a national regulator, effectively giving them a “passport” to serve customers in other jurisdictions across the bloc.
In a statement, the company said that the decision to establish Gemini’s European headquarters in Dublin was partially based on its “positive view of the Irish regulatory landscape”. On the outlook for Gemini’s Irish headcount, Mr Winklevoss said that it is “very possible” that its team here will grow by “a multiple if not magnitude” over the next two years as MiCA is fully rolled out across the EU. “I think you’re gonna get a Cambrian explosion of innovation [in Europe as a consequence of MiCA].”
Emboldened by recent industry scandals, including the collapse of Sam Bankman-Fried’s FTX, US regulators have cracked down on the sector over the past year, launching a spate of enforcement actions against companies including Gemini.
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