The Gemini leadership signed a lease of office premises in the busy Vinwood Art-Districtic area, which will expand the presence of the exchange in the physical world. Many cryptocurrencies have already opened regional offices in Miami: Ripple’s office is also in the Vinwood area, near the future Gemini office, and the headquarters of the BTC Mara Holdings mining company in Fort Lleoderdale. Note that in Florida there is no income tax for residents.
The Gemini move to Florida occurred after the decision of the Federal Court of New York on the 60-day postponement of the US Securities and Exchange Commission (SEC) against Gemini Global Capital. Previously, the regulator accused the crypto officer of an offer and selling unregistered securities through his Gemini Earn lending program.
In February, the co -founder of Gemini Cameron Winklevoss said that the regulator closed the investigation in a separate case related to Gemini. In January, the company agreed to pay a fine in the amount of $ 5 million, imposed by the US commodity futures (CFTC) commander for false and misleading statements that the exchange could make in the application for the approval of a futures product for Bitcoin.
A few months ago, Gemini began to study the possibility of the primary public placement of shares (IPO) this year. The exchange discusses public listing with consultants.
Source: Bits
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