On April 12, cryptocurrency exchange Gemini announced it filed a pre-registration undertaking with the Ontario Securities Commission (OSC), which oversees capital markets in Canada's most populous province. The undertaking is a prerequisite to becoming a restricted dealer in Canada and is necessary for all cryptocurrency exchanges wishing to conduct business in the country. Cynthia Del Pozo Garcia, Gemini's director of strategy and corporate development, wrote:

"As one of the most important and developed markets in the Americas, Canada has played an essential role in Gemini's international expansion."

According to Del Pozo Garcia, Gemini holds holds "many licenses globally," such as state money transmitter licenses, an E-Money License from the Financial Conduct Authority in the United Kingdom, and an E-Money License from the Central Bank of Ireland. "Related to our licenses, Gemini must undergo annual audits of our financial statements and is subject to bank examinations conducted by the New York Department of Financial Services," the director said.

(by Zhiyuan Sun)