Crypto Exchange Gemini Launches in the UK
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Gemini, the cryptocurrency exchange owned by the Winklevoss brothers, has just been launched in the UK, according to the press release shared by the platform.

From now on, residents in the UK can make deposits with pounds sterling through debit cards or bank transfers to buy cryptos on the platform.

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Gemini supports the UK Faster Payments Scheme, SWIFT, the Clearing House Automated Payment System (CHAPS) and wire transfers as payment methods.

It is still unknown whether the platform will add support for PayPal, something bitFlyer Europe did last week.

The exchange has decided to expand to the UK after receiving an Electronic Money Institution (EMI) license from the UK's Financial Conduct Authority (FCA) and registering as a crypto asset company as part of the regulator's fifth anti-money laundering directive (AMLD5).

According to the FCA registration, Gemini has two entities in the UK: Gemini Europe and Gemini Europe Services. The former deals with e-money activities, while the latter deals with crypto custody and crypto exchange services.

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