Cryptocurrency exchange Gemini has received a license from Ireland’s central bank to issue e-money.
According to The Irish Times, the license will allow Gemini to issue e-money in the country. The companies with such a license include the payment provider Stripe and the company Meta.
The exchange applied for the license in early 2020 and opened an office in Dublin.
“Gemini’s receipt of authorization from the Central Bank of Ireland to issue electronic money is a testament to the rigorous standards of our customer protection programs and regulatory compliance. Ireland is an international hub for financial services and new technologies, and local customers have a strong interest in innovative fintech products. We look forward to bringing our secure and simple services to individuals and organizations in the Irish market and across Europe,” the company said.