Cameron Winklevoss, co-founder of cryptocurrency exchange Gemini, has resigned from the European company’s board of directors, according to a Companies House filing on Oct. 12.
As indicated in a statement sent to the local press, Cameron continues to lead Gemini’s global operations alongside his twin brother Tyler Winklevoss:
“We can confirm that this change has been brought to Companies House and brings local leadership to the board of directors to reflect the growth of Gemini’s business in the UK and Europe. Cameron and Tyler Winklevoss continue as Chairman and CEO of Gemini.”
According to the filings, Gillian Lynch, Gemini’s leader in Ireland and Europe, takes Blair Halliday’s seat on the board. Blair was UK managing director at Gemini for two years before moving to the Kraken exchange this month, according to her LinkedIn profile.
In July, Gemini announced a Virtual Asset Service Provider (VASP) registration with the Central Bank of Ireland (CBI) after receiving an Electronic Money Institution (EMI) authorization from the CBI allowing the company to issue money electronic, provide payment services and handle electronic payments for third parties months before.
In June, The United States Commodity Futures Trading Commission (CFTC) filed a lawsuit against Gemini alleging that the company made false or misleading statements in 2017 during in-person meetings and in documents, violating the Commodity Exchange Act and other regulations.
The agency was making an assessment of the possible self-certification of a Bitcoin futures contract that would be based on the spot price of Bitcoin determined by an auction held on the Gemini digital asset trading platform.
Also this year, the exchange laid off more than 10% of its staff as part of an “extreme cost-cutting” during the crypto winter, just two months after the firm’s co-founders were listed as crypto billionaires by Forbes, with fortunes of $4 billion each.
Cointelegraph reached out to Gemini but did not receive a response at press time.
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