Crypto LVL

🟢 Gemini Launches Local Operations in Australia 🚀 Crypto exchange Gemini has officially launched its Australian subsidiary, Gemini Intergalactic Australia, Pty Ltd. This new entity has been registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a digital currency provider. 🌟 This move marks a significant localization of Gemini's operations in Australia, which were previously managed through its global arm. With this transition, Gemini can now offer regulated crypto exchange services directly in Australia. The company completed account transitions for Australian users in mid-September and has introduced new local terms and deposit instructions. 🔍 Gemini emphasized that this transition aims to improve compliance, localization, and transparency for its Australian customers. While product access and account balances remain unchanged, users are required to accept updated user agreements. However, the firm also cautioned about some operational changes. These include the suspension of staking for Australian users and the need for conversion guidance for non-AUD fiat balances prior to the migration.