Ireland opens the door for Gemini to provide e-money services in Europe.
an electronic money license from the Central Bank of Ireland. It was the 18th organization to receive the license, and the first since October 2020. Gemini joined such license holders as Coinbase, Stripe, Square and Meta.
The e-money license, for which Gemini applied in early 2020 and received oMarch 14, will allow it to issue electronic money, provide electronic payment services and handle electronic payments for third parties. It will also enable the company to passport those services to European Economic Area countries, which are European Union members, Iceland, Liechtenstein and Norway. Gemini already provides exchange services in those countries.
Gemini also provides exchange and e-money services in the United Kingdom, thanks to its authorization by that country’s Financial Conduct Authority. There is increasing consciousness in the country of the need for cryptocurrency regulation. The Oireachtas Finance Committee
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