Gemini Approved as a Virtual Asset Service Provider in Ireland
Gemini cryptocurrency exchange has been registered as a Virtual Asset Service Provider (VASP) in Ireland. The approval was provided by the central bank of Ireland.Gemini is the first crypto exchange to be approved as VAS...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Gemini cryptocurrency exchange has been registered as a Virtual Asset Service Provider (VASP) in Ireland. The approval was provided by the central bank of Ireland.
Gemini is the first crypto exchange to be approved as VASP in the country. The exchange opened its HQ in Ireland (Dublin) in 2021. Gillian Lynch, the Head of Ireland and EU said the following on the approval: "We are excited to offer our 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."
The news arrived after Gemini announced a reduction in its workforce. Approximately two months ago Gemini announced it is cutting its workforce by approximately 10% due to market conditions.
Further Downsizing at Gemini?It has been speculated that Gemini will reduce its workforce by 7% (around 68 people). According to TechCrunch, a document that surfaced on the Blind anonymous network on 14 July (which has been removed) showed the crypto exchange is planning to downsize its workforce to 800 employees.
Cameron Winklevoss, the Co-Founder of Gemini allegedly made the following statement to the company on Slack: "It’s come to my attention that at least one team member thinks it’s a good idea to post a snippet of our technology operating plan on a third party website [Blind].
“Wow, super lame … if you are leaking company information, you are exhibiting a low level of consciousness and respect for your fellow team members who greatly benefit from the openness we are trying to create and foster here.
“We are going to the moon. We are going to need cosmic consciousness to get there. Earthly consciousness will not be enough. If you are exhibiting the behavior of a first-time human, time to level-up or respectively bow out, if for no other reason but to avoid an expensive bill in the future.”
It is worth noting that other companies in the crypto industry have laid off employees. OpenSea cut 20% of its employees, citing 'crypto winter' as the root cause. Several weeks ago ByBit announced it is laying off 30% of its workforce.
This article was written by Matti Williamson at www.financemagnates.com.Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Finance MagnatesRelated market context
Latest Gemini earnings expose crypto’s new exchange reality – more total revenue, less crypto trading
Gemini’s second-quarter revenue rose as its credit-card business expanded. But the core exchange shrank, while operating costs and...
South Korea Ends 1M Won Crypto Travel Rule Limit in Major AML Crackdown
Key Takeaways: The Travel Rule will be adopted by South Korea for all transfers between registered VASPs. Amidst AML controls, ove...
Crypto Exchange Sign-Up Bonuses Explained: How to Get Free Bitcoin in 2026
A crypto sign-up bonus is a reward that a crypto exchange offers to new users for opening an account and completing certain tasks....
Trump to meet Coinbase, Ripple and crypto leaders as CLARITY Act odds collapse to 10%
President Donald Trump and the heads of the SEC and CFTC are expected to meet crypto and prediction-market executives at the White...
BTCC Exchange Joins TOKEN2049 Singapore as Platinum Sponsor, Unveiling Flagship Theme “0-Barrier Trading”
George Town, Cayman Islands, August 14th, 2026, Chainwire BTCC, the world’s longest-serving cryptocurrency exchange, announces its...
Trump to Join $1 Trillion Crypto and Prediction Markets Meeting at White House
Key Takeaways: Senior executives in the crypto and prediction markets will come to the White House on Aug. 19 to see President Don...