Gemini gets regulatory green light in Italy and Greece amid loan halt
Winklevoss' Gemini Fellowship received the latest regulatory approvals days before its Gemini Earn loan product ran into major issues.
New
The Winklevoss Gemini brothers’ cryptocurrency exchange continues its expansion in Europe, announcing new regulatory approvals in Italy and Greece.
Gemini has registered as a virtual currency operator with Italy's payment services regulator Organismo Agenti E Mediatori (OAM), the company announced on November 30.
The crypto exchange has also been registered as a custodial wallet provider and virtual currency exchange provider with the Hellenic Capital Markets Commission (HCMC) of Greece.
According to official data, the OAM registration was granted on November 3, while the HCMC granted its approval to Gemini on November 7.
The new registrations, combined with Gemini's electronic money establishment authorization from the Central Bank of Ireland, officially allow the exchange to provide crypto services to its customers in Italy and Greece. The approvals are also intended to demonstrate Gemini's compliance with applicable Italian and Greek anti-money laundering and anti-terrorist financing regulations.
As of November 2022, Gemini is operating in over 65 countries, including new jurisdictions such as Croatia, Cyprus, Czech Republic, Denmark, Hungary, Ireland, Latvia, Liechtenstein, Portugal, Romania, Slovenia, Sweden and others, the company said. .
The latest listings took place before Gemini encountered major problems on its lending platform known as Gemini Earn, which is designed to allow investors to earn 8% interest by lending their crypto. change. The product reportedly halted withdrawals due to...
Winklevoss' Gemini Fellowship received the latest regulatory approvals days before its Gemini Earn loan product ran into major issues.
New
The Winklevoss Gemini brothers’ cryptocurrency exchange continues its expansion in Europe, announcing new regulatory approvals in Italy and Greece.
Gemini has registered as a virtual currency operator with Italy's payment services regulator Organismo Agenti E Mediatori (OAM), the company announced on November 30.
The crypto exchange has also been registered as a custodial wallet provider and virtual currency exchange provider with the Hellenic Capital Markets Commission (HCMC) of Greece.
According to official data, the OAM registration was granted on November 3, while the HCMC granted its approval to Gemini on November 7.
The new registrations, combined with Gemini's electronic money establishment authorization from the Central Bank of Ireland, officially allow the exchange to provide crypto services to its customers in Italy and Greece. The approvals are also intended to demonstrate Gemini's compliance with applicable Italian and Greek anti-money laundering and anti-terrorist financing regulations.
As of November 2022, Gemini is operating in over 65 countries, including new jurisdictions such as Croatia, Cyprus, Czech Republic, Denmark, Hungary, Ireland, Latvia, Liechtenstein, Portugal, Romania, Slovenia, Sweden and others, the company said. .
The latest listings took place before Gemini encountered major problems on its lending platform known as Gemini Earn, which is designed to allow investors to earn 8% interest by lending their crypto. change. The product reportedly halted withdrawals due to...
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