The New York-based crypto exchange Gemini, owned by the Winklevoss twins Cameron and Tyler, is a New York trust company regulated by the New York State Department of Financial Services (NYSDFS). According to a blog post, Gemini has become Ireland's first exchange for registering as a Virtual Asset Service Provider. In February 2022, the Central Bank of Ireland authorized Gemini to serve as an Electronic Money Institution. However, in the U.S. the CFTC sued the crypto exchange.