Gemini now licensed in the United Kingdom: GBP integrated

in LeoFinance3 years ago

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Gemini is a New York trust company regulated by the New York State Department of Financial Services (NYSDFS). According to them, they are subject to capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the NYSDFS and the New York Banking Law. Gemini is also a fiduciary and Qualified Custodian. More so, with Gemini, you can buy, store and trade cryptocurrencies.

Gemini which was founded by the Winklevoss twins happens to be one of the largest cryptocurrency exchanges in the world. It has won several awards; one of which is the best crypto exchange award in 2019. Gemini is committed to making the crypto revolution happen with a security-first mentality. The four pillars of Gemini are: security, compliance, products, licencing.

Gemini has been focused on expansion and in the spread of the crypto technology. On September 24th, in a blog post by Tyler Winklevoss, he announced that Gemini has expanded to the United Kingdom. It did so after receiving the Electronic Money Institute (EMI) license approved by the Financial Conduct Authority (FCA).

This launch means that users in the UK can now have access to the simple, reliable, and secure products of Gemini, including the Mobile App for buying, selling, and storing of crypto assets. It also means that Gemini cryptocurrency platform now integrates pound sterling (GBP) so as to provide a more local experience for our UK users. UK citizens can now purchase crypto with GBP using a debit card or make a GBP deposit from your bank via Faster Payments, CHAPS, or SWIFT wire.

Why is the UK launch important?
Gemini co-founder states that the United Kingdom has been a significant, global financial hub for centuries. Also, it is a pioneer in both financial innovation and regulation.

Gradually, cryptocurrency technology is spreading and in the near future, there will a mass adoption of cryptocurrency.

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For more details, visit:
https://gemini.com/blog/gemini-live-in-the-uk

Posted Using LeoFinance Beta