Gemini, the U.S.-based cryptocurrency exchange, has officially launched its operations in France, marking a significant milestone in its European expansion. The company has registered as a Digital Asset Service Provider (DASP) with the French financial regulator, the Autorité des marchés financiers (AMF). This registration allows Gemini to offer its crypto trading services in compliance with French regulations, positioning itself as a major player in the growing European crypto market.
By obtaining DASP status, Gemini joins a select group of companies that meet France’s stringent regulatory requirements for crypto businesses. This move underscores France’s efforts to become a hub for cryptocurrency and blockchain innovation while ensuring investor protection. As part of the registration process, Gemini has committed to adhering to anti-money laundering (AML) and know-your-customer (KYC) standards, demonstrating its commitment to regulatory compliance and security in its operations.
Gemini’s launch in France comes at a time when the European Union is advancing its regulatory framework for cryptocurrencies, with the Markets in Crypto-Assets (MiCA) regulation set to come into effect soon. France, in particular, has been proactive in creating a crypto-friendly environment that encourages innovation while balancing the need for robust oversight. Gemini’s entry into the market highlights the increasing demand for regulated crypto exchanges in Europe, as investors seek reliable platforms for trading digital assets.
The French market offers significant potential for Gemini, given the growing interest in digital assets among European consumers and institutional investors. The exchange’s European expansion is part of a broader strategy to strengthen its global presence and compete with other major players in the crypto exchange space. As the regulatory landscape for cryptocurrencies continues to evolve, Gemini’s compliance with local laws in France may serve as a model for its operations in other European countries.