Gemini Gains Approval to Operate in France

Gemini, a leading cryptocurrency exchange, has gained regulatory approval from France’s Autorité des Marchés Financiers (AMF). This development is a pivotal move in Gemini’s European expansion strategy, establishing its presence in the dynamic French market. Gemini is now one of the few crypto exchanges with such recognition in France, joining the ranks of other major players. Gillian Lynch, Gemini’s Head of Ireland and EU stated :

We are delighted to welcome customers based in France onto the Gemini platform in the coming weeks as we further expand access to crypto across Europe. France is a global innovation leader and has a vibrant crypto community as showcased by the success of Paris Blockchain Week.

The launch of Gemini’s operations in France is expected soon, offering access to over 70 cryptocurrencies for both retail and institutional users. This expansion follows Gemini’s establishment of its EU headquarters in Ireland, demonstrating its commitment to growing its European footprint. Gemini now operates in over a dozen EU countries, reflecting its increasing global influence.

The French government is actively monitoring crypto advertising. This vigilance is part of the broader regulatory landscape in Europe, which is evolving rapidly, especially in the wake of recent crypto market developments. The Market in Crypto-Assets (MiCA) legislation, approved by European finance ministers, aims to close tax loopholes and prevent tax fraud in the crypto sector.

In addition to expanding in France, Gemini’s broader operations cover more than 70 countries worldwide. This global reach is indicative of the rising interest and adoption of cryptocurrencies across different markets. However, the company is concurrently managing legal challenges in the United States related to its Earn program.

Gemini’s French expansion underscores the increasingly regulated nature of the crypto industry in Europe. The company’s compliance with AMF requirements reflects a commitment to adhering to the evolving regulatory frameworks governing digital assets. This move also highlights the growing importance of cryptocurrencies in mainstream financial systems and the need for robust regulatory oversight.