UAE Becoming Crypto Hub: Gemini Pursues License in the Region

Gemini Crypto Exchange Pursues License in UAE Amid Regulatory Concerns in the US. Gemini, the cryptocurrency exchange owned by the Winklevoss twins, is seeking a crypto service license in the United Arab Emirates (UAE) due to concerns over US regulations. Gemini highlighted the growing interest in cryptocurrencies and positive discussions with UAE regulators as the driving force behind their decision. The move comes as Gemini experienced "hostility and a lack of clarity" regarding crypto regulations in the US. The Winklevoss twins are considering establishing the new Gemini headquarters in both Abu Dhabi and Dubai. Data shows higher crypto adoption in the UAE compared to the US.