With a press release released a few hours ago Gemini, the US-based cryptocurrency exchange founded by the twins Winklevoss, said that it had hired Blair Halliday to head the office that will take care of European compliance and monitoring of cash flows to the to counter money laundering.
Halliday, who will shortly be based at the London offices of the exchange, will report directly to Gemini's managing director in Europe, Julian Sawyer; that this exchange always has a certain eye on regulations is well known, in the past this propensity has cost numerous criticisms from the community, especially by those who would prefer that the crypto market continue to drift away from regulatory attempts both on a global basis that national.
As Cointelegraph recalls in an article published today last year, the advertising campaign "Crypto Needs Rules" with which Gemini has attempted to reshape the image that the world of cryptocurrencies has so far given by placing an emphasis, probably even excessive, on regulatory issues have sparked huge controversy in the community; even if the point of view of those who would like to extend the protections and the same standards of traditional markets to the world of crypto becomes more and more widespread there is still a large part of the community that continues to remain tied to the anarchist ideals that characterized the blockchain industry since its inception.
Returning to the assumption of Blair Halliday it seems quite credible that this is attributable to the imminent entry into force of the new European anti-money laundering legislation, a system of rules that has been defined by many as excessively rigid and which has already led to the closure of several companies active in the EU area; those who have not limited themselves to closing their doors, however, hastily packed their bags and decided to move their office elsewhere.
Gemini, therefore, is moving against the trend compared to what many other companies (not only exchanges) are doing, showing that they want to adapt to the new legal devices and thus continue to operate in the old continent in perfect legality.