The two billionaire twins and founders of the Gemini crypto exchange, Tyler and Cameron Winklevoss, are turning their dreams into the United Arab Emirates UAE, where they plan to obtain a digital-asset license.
In a recent tweet on Gemini Twitter, the move marks the first step in extension of their crypto services to customers within the UAE and beyond.
This is also reflected in Gemini's attempts to expand its global presence.
The adoption of Gemini's platform marks our determination to offer a robust, secure, and user-friendly crypto platform to our customers in the UAE and beyond, highlighting the global aspirations of the company.
Gemini is making strides in its international expansion, recently setting up a non-U. S. crypto derivatives platform and announcing its intent to stimulate growth in Asia in April.
S.-based digital-asset firms seeking growth beyond American borders, especially in the wake of increased scrutiny and legal action from the U.S. Securities and Exchange Commission.
The cryptocurrency exchange is also experiencing a continuing debt crisis related to Genesis Global Capital, a defunct cryptocurrency lending institution.
Under a service agreement between Gemini and Genesis, over 200,000 users of the Earn program have been frozen within the estate of Gemini.
The digital currency exchange Crypto.com announced on Thursday that it had secured a license from the Monetary Authority of Singapore.
A year after the platform received preliminary approval by the regulatory body, the company said in a statement.
The EU takes a leading role in Crypto regulation, a game-changer for the digital economy.