Gemini has chosen Dublin as the headquarters for its European operations. Gemini’s 2014 founders, Cameron and Tyler Winklevoss, announced on May 25 that they had chosen Ireland as the location for their new European headquarters in order to expand the company’s services.
The twins explained why they chose Ireland at a meeting with Prime Minister Leo Varadkar, citing the country’s strong regulatory framework, wide talent pool, and well-established technology community.
The Central Bank of Ireland granted Gemini a virtual asset service provider license in July 2022. Gemini already has a Dublin office with 12 employees.
After the EU adopted the new Markets in Crypto-Assets laws (MiCA), which was formally approved on May 16, the company intends to expand its workforce.
The twins are predicting a big boost to the crypto industry following the rollout of the regulatory framework. “I think you’re gonna get a Cambrian explosion of innovation [in Europe as a consequence of MiCA],” said Cameron Winklevoss.
The move comes amid increasing regulatory pressure in the United States in what some industry observers have dubbed a “war on crypto.”