“Gemini’s exit seems to be about friction. The company is leaving the UK, Europe and Australia while focusing on the US and Singapore, which tells you capital is moving to jurisdictions where firms can operate with clarity and scale.

Prolonged regulatory uncertainty in the UK makes it harder to hire, invest and build compliant operations, and that has real consequences.”

This is what I told Payment Expert on Gemini's exits.

Gemini is describing a regulatory regime that is more expensive and less certain than alternatives, leaving firms to reallocate to where they are treated best.

If the FCA and UK policymakers want innovation here, they need to fix that rather than celebrate frameworks that chase business away.

Full article:

https://paymentexpert.com/2026/02/06/gemini-lay-offs-exits-three-markets/