Digital Assets: Gemini Becomes First Firm to Be Registered as VASP in Ireland

Digital asset firm Gemini  recently revealed that they’ve become the first company to be registered as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland.

Their VASP registration comes on “the heels of [their] Electronic Money Institution (EMI) authorization in February of 2022, also from the Central Bank of Ireland.”

Gemini was “founded on the ethos of asking for permission, not forgiveness.” Since day one, Gemini has “engaged with regulators around the world to help shape thoughtful regulation that both protects consumers and fosters innovation.”

They are excited “to offer [their] products and services to individuals and institutions in Ireland and countries in Europe.” Crypto investors will be able “to access Gemini’s exchange and custody services to buy, sell, and store over 100 cryptos with EUR and GBP.”

They opened their EU headquarters in Dublin in 2021, “adding an important hub to Gemini’s global footprint.” As a thriving center of technology and financial innovation, they are excited “to keep growing [their] presence in Ireland to serve its citizens as well as others in Europe.”

As covered recently, Gemini revealed their upcoming partnership with the Pyth network in order to “bring accurate and trusted on-chain market data to users across the globe.”

As a data publisher to Pyth, Gemini is delighted “to continue contributing to the growth of the DeFi ecosystem by providing [their] real-time price information to protocols and projects on-chain, courtesy of Superlunar — a Gemini web3 research & design studio — which automated the extraction of the pricing data.”

At Gemini, they provide customers “with accurate, real-time data on crypto prices, and we are delighted to integrate with Pyth to expand access to critical market data.”

The Pyth network is “a specialized oracle solution for latency-sensitive financial data that is typically kept within the ‘walled gardens’ of centralized institutions.” It operates “one of the largest and most reliable oracle networks, deriving price data from more than 65 leading institutions, both in crypto and traditional finance.”

Gemini’s forthcoming partnership with the Pyth network to bring valuable financial market data to DeFi applications and the general public “directly aligns with our mission to unlock the next era of financial, creative, and personal freedom.”

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