Winklevoss twins are exploring the possibility of establishing a second headquarters for their cryptocurrency exchange, Gemini in London. Recently, they have held meetings with the officials from Financial Conduct Authority (FCA) and the Bank of England to discuss their crypto venture plans. The twins are interested in London, given the country’s reputation as a crypto-friendly jurisdiction and its forward-thinking approach towards the crypto space. Gemini was among the first crypto companies authorized by the FCA, making the UK an attractive destination for their expansion plans. However, Tyler Winklevoss has raised concerns about regulatory inconsistency in the UK as a recent report by MPs likened the cryptocurrency sector to gambling. The twins still expressed their support for crypto in the US, stating that they are not leaving the US, and they will continue to fight for it. The Winklevoss twins are not limiting their search to London alone, and they are exploring investment opportunities in other crypto-friendly jurisdictions such as Ireland, Switzerland, Dubai, Abu Dhabi, Singapore, and Hong Kong, to foster innovation and growth in the digital asset industry. The global crypto market has taken a hit over the past 24 hours as a result of the continuous crackdown on crypto in the US.
About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
View J-S Tremblay website
