Gemini Spreads its Wings to Operate in Italy and Greece

Numerous cryptocurrency businesses have been parading their operations in Europe. While many people believe that Europe may become the next hotspot for cryptocurrencies, another exchange joined the euro bandwagon. Gemini, the Winklevoss twins’ exchange, recently succeeded in getting approval from regulators in Italy.

Gemini had recently acquired a virtual asset service provider registration in Ireland. Now, as per the recent announcement, the exchange has now registered as a virtual currency operator in Italy and Greece.

Gemini registered as a virtual currency operator in Italy and Greece

“We are thrilled 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).”

As per the details, the exchange can now offer secure cryptocurrency services to customers from Italy and Greece. The registration also depicts the exchange’s compliance with anti-money laundering and counter-terrorist financial regulations.

Gemini is currently operational in over 65 countries. The exchange also announced that expanding to more countries is on its roadmap. The news comes amidst a time when the cryptocurrency realm is still recovering from the aftermath of the FTX’s fall.