<a href="https://www.cryptoknowmics.com/news/tether-confirms-zero-exposure-to-genesis-global-or-gemini-earn">Gemini</a>, a cryptocurrency exchange run by the Winklevoss brothers, has <a href="https://www.gemini.com/blog/gemini-secures-regulatory-approvals-to-operate-in-italy-and-greece" target="_blank" rel="nofollow noopener">announced</a> fresh regulatory permits in Italy and Greece as part of its ongoing European expansion.
<h2>Gemini Regulatory Approval in Italy and Greece</h2>
Gemini said on November 30 that it had qualified as an administrator of virtual currencies with the Organismo Agenti E Mediatori (OAM), Italy's regulatory body for payments services. Additionally, the cryptocurrency exchange has been authorized by Greece's Hellenic Capital Markets Commission (HCMC) to serve as a supplier of custody wallets and an exchange for virtual currencies.

According to official records, Gemini received permission from the HCMC on November 7, while the OAM registration was issued on November 3.
<h2>Authorization in Cryptocurrency Services</h2>
Gemini is now authorized to offer <a href="https://www.cryptoknowmics.com/news/cryptocurrency-fraud-in-uk-increases-by-a-third-to-over-270m">cryptocurrency</a> services to its customers in Italy and Greece due to the sign-ups and its authorization as an electronic money institution from the Central Bank of Ireland. Additionally, the licenses are intended to show how Gemini complies with all relevant Italian and Greek <a href="https://www.cryptoknowmics.com/news/fcas-crypto-aml-compliance-chief-mark-steward-to-step-down-in-2023">anti-money laundering</a> and counter-terrorist financing laws.

According to the company, Gemini is active in more than 65 nations as of November 2022. The most recent registrations took place before Gemini experienced significant problems with its lending tool, Gemini Earn, which enables investors to earn 8% percent by lending their crypto. Due to its affiliation with the failing cryptocurrency trading company Genesis Global Capital, the product is said to have stopped allowing withdrawals. Gemini is said to have $700 million in client funds frozen.

Gemini Secures Regulatory Approvals to Operate in Italy and Greece

Gemini run by the Winklevoss brothers, has announced fresh regulatory permits in Italy and Greece as part of its ongoing European expansion.

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Gemini Secures Regulatory Approvals to Operate in Italy and Greece

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