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The Winklewoss twins'
crypto exchange Gemini is continuing to consolidate its regulated
services for clients in the United Kingdom.

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On Oct. 12, Gemini announced a partnership with BCB Group — a European crypto-focused payment processor that already works with major platforms such as Coinbase, Bitstamp and Galaxy Digital.

BCB
Group is focused on institutional payments services and offers business
accounts and crypto market liquidity for "crypto-engaged" financial
institutions. The Group's core subsidiary was officially approved by the
Financial Conduct Authority as an authorized payment institution (API)
earlier this year.

Collaborating with BCB is intended to provide
Gemini's clients in the U.K. with faster options for sending and
receiving British pounds. The exchange will be connected to BCB's API,
simplifying Gemini's interactions with various banks and fiat
currencies, and reducing the need for manual intervention in transaction
processing.

The development will help Gemini "secure access to
real-time settlement infrastructure, enabling us to integrate with our
banking partners," according to Gemini's chief compliance officer for
Europe, Blair Halliday. A spokesperson for the exchange told
Cointelegraph that Gemini's U.K. customers can make pound deposits and
withdrawals via the Faster Payments scheme, CHAPS, and SWIFT transfers,
as well as linking their debit cards to Gemini accounts:

Our
integration with BCB Group's API specifically enables us to streamline
the steps involved in processing these wire transfers into and out of
customer accounts.

Gemini has this year expanded to the U.K., where it has been approved as a registered crypto asset firm by the FCA,
in compliance with Anti-Money Laundering and Counter-Terrorism
Financing obligations. It has also been granted an Electronic Money
Institution license in the country.