Cameroon Winklevoss Steps Down As Director in Gemini Europe

Co-founder of Gemini cryptocurrency exchange Cameroon Winklevoss has stepped down as a Board Director in the company’s Europe division.

As revealed, Cameroon will continue as Gemini’s global lead with his twin brother Tyler Winklevoss. Based on a filing with Companies House, a registry of companies in the U.K, his termination of appointment in Gemini Europe took effect from October 12.

As per a published statement issued by a Gemini spokesperson “We can confirm this change was filed with Companies House and brings local leadership onto the board of directors to reflect the growth of Gemini’s business in the UK and Europe. Cameron and Tyler Winklevoss continue as President and CEO at Gemini.”

At the same time, Gillian Lynch Gemini’s head of Ireland and Europe operations joined the Europe Board of Directors as a replacement for Blair Halliday who resigned to head the United Kingdom Office of rival crypto exchange Kraken. Halliday is now focused on expanding Kraken’s presence in the UK as he takes charge of the commercial, regulatory and political relationship of Kraken in the region.

Gemini Expands its Operations in Ireland

Earlier in July, Gemini secured a virtual assets service provider’s license from the Central Bank of Ireland providing the exchange with the authorization to extend its operations in Ireland and the entire European Union. 

“We are thrilled to announce that Gemini is the first company to be registered as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland. Our VASP registration comes on the heels of our Electronic Money Institution (EMI) authorization in February of 2022, also from the Central Bank of Ireland,” said Lynch

Lynch continued “Gemini was founded on the ethos of asking for permission, not forgiveness. Since day one, Gemini has engaged with regulators around the world to help shape thoughtful regulation that both protects consumers and fosters innovation.”

A few days before securing the license, the exchange laid off 7% of its employees in addition to the 10% who were sent packing at the beginning of the crypto winter which left many firms distraught. This second bout of retrenchment was not done publicly, rather, the affected employees were made to quietly leave the company.