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Gemini takes aim at Asian ...

Gemini Targets Asian Market Ahead Of Bitcoin Price Rises
CONTENT

  • Gemini Prepares For New Bitcoin Rally In Advance.

  • The exchange will begin expansion in the Asian market from Singapore.

  • Singapore has long been the epicenter for crypto companies due to friendly regulation.

International consortium of news organizations, developing transparency standards.

The exchange wants to be in time for the next cryptocurrency rally and has begun to increase its presence in the Asian market in advance.

Winklevoss Brothers Crypto Exchange Gemini Hires Former Goldman Sachs CEO Jeremy Nga As Director Of Asia.

The exchange announced this in its official blog..

Jeremy will be in charge of shaping Gemini’s overall Asia strategy, product development and action plan.

Prior to joining Gemini, Jeremy worked for leading global investment banks including Goldman Sachs, Deutsche Bank and Morgan Stanley.

Asian hub

Southeast Asia has become a fast growing and dynamically developing region for the cryptocurrency market.

This was primarily made possible by the position of the Monetary Authority of Singapore (MAS), which has developed friendly regulation for the cryptocurrency market..

Clearer regulation and central bank race to create their own digital currencies have made Asia an industry leader.

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At the end of January, the Payment Services Act entered into force, which is considered the most comprehensive regulatory framework in the management of cryptocurrency and blockchain business..

In March, MAS announced the weakening of requirements for a part of crypto-oriented companies.

Fasten seat belts

As a result of the relaxation, many crypto exchanges were able to offer their services in Singapore without obtaining a license..

Gemini is actively expanding its presence in the market in anticipation of the growth of bitcoin, which, as is usually the case after halving, occurs within a year after the decline.

You can properly prepare for the crypto rally with the help of special materials that the BeInCrypto editors have prepared in cooperation with StormGain.

The last time the price of the cryptocurrency soared to an all-time high of $ 20,000.

If the post-move-swing reaction of bitcoin remains unchanged, then the cryptocurrency has every chance of growing to $ 50,000 by the end of 2020.

On moment of writing, Bitcoin price BTC / USD is $ 9441.

What do you think? Will the expansion of Gemini’s crypto services in the Asian market affect the price of bitcoin? Share with us with your thoughts in the comments and join discussions in our Telegram channel.

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Gemini takes aim at Asian ...

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Gemini takes aim at Asian ...
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