ATHENS – Despite recent turmoil, the Hellenic Capital Markets Commission has given approval for the Gemini cryptocurrency operation to operate in Greece. The business is owned by American twin brothers Cameron and Tyler Winklevoss and allows clients to buy, sell, store and trade more than 60 cryptocurrencies, including Bitcoin, Bitcoin Cash (ether), Zcash and Litecoin.

The approval is meant to show that the company is meeting anti-money laundering and terrorist financing regulations, as cryptocurrencies are often seen as a way to hide illicit funds. The filing was made before the Gemini Earn platform was hit with significant difficulties, with reports claiming that $700 million in customer money was locked up due to its connection with the Genesis Global Capital cryptocurrency trading platform.