The platform is the 18th organisation to receive an electronic money license, and the first since October 2020.
It puts Gemini in the same league as Coinbase, Stripe, Square and Meta.
The e-money license allows the platform to issue electronic money, provide electronic payment services and handle electronic payments for third parties.
It will also enable the company to offer those services to European Economic Area countries. Gemini already provides exchange services in some European countries.
It also provides exchange and e-money services in the UK thanks to its authorisation by the country’s Financial Conduct Authority.
Ireland’s Central Bank currently enforces anti-money laundering laws for virtual asset services providers.
