Gemini's UK unit could face fines from local tax authorities for late filing of its 2021 accounts

BlockBeats News, January 5, according to The Block, Gemini Payments UK Ltd., a subsidiary of cryptocurrency trading platform Gemini. And Gemini Intergalactic UK Ltd. Could face fines for not submitting 2021 accounts to the country's tax authorities on time. The UK tax authority requires companies to submit accounts nine months after the end of their financial year. Gemini had a deadline of 30 September 2022 to submit its 2021 accounts, but the trading platform has yet to do so. It is unclear whether Gemini's delay in filing its tax accounts is related to the dispute between its Gemini Earn lending business and DCG.