Crypto Exchange Gemini Secures Registration in France — Now Operational in Over 70 Countries

Cryptocurrency change Gemini is now registered as a digital asset service supplier in France. The crypto agency defined that following the launch of its EU headquarters in Ireland in 2022, “Gemini is now operational in more than a dozen EU countries and more than 70 countries worldwide, with more countries on the roadmap.”

Gemini Registered in France

Crypto change Gemini introduced Wednesday that it’s now registered as a digital asset service supplier (DASP) by Autorité des marchés financiers (AMF), France’s monetary markets regulator. Gemini detailed:

Following the launch of our EU headquarters in Ireland in 2022, Gemini is now operational in additional than a dozen EU nations and greater than 70 nations worldwide, with extra nations on the roadmap.

The crypto change defined that with its French DASP registration, its merchandise “will be available to retail and institutional users across France in the coming weeks.” Gillian Lynch, Gemini’s head of Ireland and the EU, opined: “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.”

In April final yr, EU lawmakers voted to implement the Markets in Crypto-Assets Regulation (MiCA). “By creating a standardized legal framework across the EU, MiCA not only increases the accountability of service providers but also fosters consumer confidence in using and investing in crypto-assets,” Gemini described. “This harmonization also facilitates easier access to cross-border services, ensuring EU consumers benefit from a diverse and competitive market.”

An AMF survey, launched in November final yr, revealed: “The rate of individual holdings of crypto assets stands at 9% of the French population. The ownership rate of listed shares stands at 7%, close to the level estimated by the Kantar Institute in March 2023.” Moreover, the survey confirmed that “New investors invest less frequently in the stock market than traditional investors” and “Many have taken an interest in crypto assets.”

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