Pravjit Tiwana, the global Chief Technology Officer (CTO) and Asia head of Gemini Trust Co., is reportedly leaving the company.
Gemini Trust Co., co-founded by twin entrepreneurs Tyler and Cameron Winklevoss, has been grappling with the ongoing hurdles of securing and retaining talent amid the ongoing regulatory challenges in the US.
CryptoNews recently interviewed Tiwana about Gemini’s expansion plans into India.
Gemini APAC CEO Quits Nearly After 2 Years
Mr. Tiwana, who also holds the position of Chief Executive Officer (CEO) for Gemini APAC, the company’s venture in the Asian market, is expected to conclude his tenure at the end of this month, Bloomberg reported citing anonymous sources.
Before joining Gemini in January 2022, Pravjit Tiwana accumulated over six years of experience as a General Manager at Amazon Web Services.
Tiwana’s responsibilities encompassed the supervision of product development, engineering, and design. Additionally, he played a pivotal role in expanding the company’s operations in India.
One of his colleagues at Gemini, Noah Perlman, who held the position of Chief Operating Officer, departed to join Binance earlier this year.
Conflicts with Genesis and US Regulators
Gemini has been ensnared in a protracted conflict with crypto lender Genesis and its parent company, Digital Currency Group (DCG).
The dispute has even spilled into public confrontations between DCG’s founder, Barry Silbert, and the Winklevoss twins.
The crypto exchange also faces significant scrutiny from regulators. The U.S. Securities and Exchange Commission (SEC) has alleged that the Earn program, a collaborative effort between Genesis and Gemini, constitutes an unregistered offer and sale of securities.
Tyler Winklevoss has characterized the lawsuit as akin to a “manufactured parking ticket.”
Last month, the New York Attorney General filed a lawsuit against Gemini and DCG, accusing them of defrauding customers of approximately $1.1 billion.
While DCG expressed its intention to contest the state’s allegations, Winklevoss twins publicly voiced its disagreement with the decision to sue the exchange.
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