Crypto exchange Gemini has received approval from the French financial markets regulator, AMF, to launch its services in France. This expands Gemini’s reach to over 12 European countries. With a French DASP registration, Gemini’s products will soon be accessible to retail and institutional users across France.
Gemini’s expansion follows the trend of the evolving regulatory landscape in Europe, notably with the recent approval of the Market in Crypto-Assets (MiCA) legislation. The company, operational in more than 70 countries worldwide, emphasizes its commitment to European markets with a presence in over a dozen EU countries.
Customers in France will soon enjoy access to Gemini’s trading platform, offering the ability to trade over 70 cryptocurrencies on both the website and mobile app. The move aligns with the French government’s cautious approach, closely monitoring crypto advertising to ensure accurate information dissemination.
In a bid to regulate influencers promoting crypto products, AMF introduced the “Responsible Influence Certificate.” Influencers must score 75% or more on a 25-question exam to obtain this certificate, reinforcing the broader competency in financial markets and crypto.
The MiCA legislation, aimed at closing tax-related loopholes in the crypto system, gained approval from the majority of European finance ministers. The law, though delayed, is considered crucial in preventing the misuse of crypto assets for tax avoidance and fraud.
Gemini’s approval in France reflects the ongoing efforts to navigate the evolving regulatory environment, providing users with a secure and compliant platform for crypto transactions.
