Gemini, founded by the Winklevoss twins, has secured a license to operate as a Virtual Asset Service Provider in Ireland. The company announced that it will be hosting its European operation in Dublin. Leo Varadkar, Ireland’s prime minister, warmly congratulated Gemini, becoming the first firm registered by the Central Bank of Ireland as a Virtual Asset Service Provider. He emphasised that this milestone is not just a win for Gemini, but also showcases Ireland’s offering for the international financial services sector. Furthermore, reports suggest that Gemini also plans to establish its headquarters for its EU operations in Dublin. This development comes ahead of the introduction of the world’s first comprehensive regulatory framework for cryptocurrency assets across the EU, known as MiCA. The regulatory tension in the United States has pushed many large crypto-focused companies to look abroad, and Gemini’s move to Ireland is a clear example of this trend.