Cryptocurrency exchange and custodian Gemini announced on Thursday that it is expanding “fully” into the United Kingdom.
- According to a press statement emailed to CoinDesk, users, both individual and institutional, will now be able to trade and store crypto in the nation, with pounds sterling (GBP) now added as a funding currency.
- U.K. residents will be able to make GBP crypto purchases with their debit card or make GBP deposits to fund their account using wire transfers, Faster Payments and CHAPS.
- In August, Gemini was granted an Electronic Money Institution (EMI) license by the U.K.’s Financial Conduct Authority.
- The watchdog also approved Gemini as part of its Fifth Money Laundering Directive (5MLD) crypto asset registration process, per the announcement.
Also read: Winklevoss-Owned Gemini Now Provides Custody for .Crypto Blockchain Domains
Disclosure
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.