Gemini Obtains Regulatory Approvals to Operate in Italy, Greece

Gillian Lynch, Head of Ireland and EU at Gemini, notes that they are pleased to announce that Gemini has “registered as a Virtual Currency Operator with Italy’s payments services regulator, the Organismo Agenti E Mediatori (OAM), and as a custodial wallet provider and provider of exchange services between virtual and fiat currencies with Greece’s Hellenic Capital Markets Commission (HCMC).”

These registrations, “combined with [their] electronic money institution authorisation from the Central Bank of Ireland, allow Gemini to offer [their] secure crypto services to customers in Italy and Greece.”

Gemini’s registrations with the OAM and HCMC demonstrate their compliance “with applicable Italian and Greek Anti-Money Laundering and Counter Terrorist Financing regulations.”

As they expand across Europe, they continue “to work in tandem with national and international regulators and policymakers to ensure that [they] are meeting the necessary regulatory requirements in all new markets.”

The digital asset firm claims that strong regulatory compliance “has always been a core tenet of Gemini’s ethos; we believe that the long-term success and integrity of crypto markets and companies in the space depends on it.”

Most importantly, “by working proactively with regulatory bodies throughout the world, [they] can ensure that we are continuing to place regulatory compliance at the heart of our products.”

The team at Gemini added:

“We’re excited about the momentum in our European roll out, which is in line with our goal to bring accessible, secure cryptocurrency services to consumers, corporations, and institutions around the world.”

As confirmed in the update, Gemini is now “operational in more than 65 countries, having recently announced our launches in Croatia, Cyprus, Czechia, Denmark, Hungary, Ireland, Latvia, Liechtenstein, Portugal, Romania, Slovenia, and Sweden, with more countries on the roadmap.”

As covered recently, Gemini is pleased to announce “the launch of the Gemini Trust Center, a dashboard of metrics for the funds [they] hold on the Gemini platform and on your behalf, as well as other important data and information.”

As noted in a blog post, the events of the past few weeks “have reinforced the fundamental need for trust in our industry.”

The Gemini Trust Center is building trust through transparency with the following metrics:

  • Total Crypto on our Platform
  • Total Fiat held on your behalf
  • Gemini dollar (GUSD) Float
  • Fiat Net Flows (24hrs)
  • Crypto Net Flows (24hs)

As mentioned in the announcement, Gemini also display other relevant information about our security controls and regulatory registrations, including:

  • SOC 1 and SOC 2 exam dates
  • Licenses and registrations we’ve obtained
  • Gemini Corporate Governance Information
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