See More

Crypto Exchange Gemini Receives Greenlight to Begin Operations in France

2 mins
Updated by Ciaran Lyons
Join our Trading Community on Telegram

In Brief

  • Gemini has secured regulatory approval from the French financial markets regulator (AMF) to extend its services into France.
  • In response to the expanding crypto landscape in France, the government is actively monitoring crypto advertising.
  • The regulatory landscape in Europe is evolving, with the recent approval of the Market in Crypto-Assets (MiCA) legislation.
  • promo

The French financial markets regulator, Autorité des Marchés Financiers (AMF), has granted approval to the cryptocurrency exchange Gemini to commence its services in France, expanding Gemini’s operational presence to more European countries.

“With a French DASP registration, Gemini products will be available to retail and institutional users across France in the coming weeks,” the statement declares.

Gemini Expands Operations to Another European Country

According to a recent statement, the approval by French regulators, now means that Gemini is operational in more than 12 European countries.

“Following the launch of our 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.”

It highlights that upon activation, customers in France will gain access to the trading platform. Furthermore, have the ability to actively trade over 70 cryptocurrencies on both the website and mobile app.

In 2022, French regulators approved the operations of major crypto exchanges Binance and within the country.

However, the government closely monitors the advertising of crypto to its citizens. This ensures that promotional and marketing materials accurately convey information.

This is especially the case with influencers promoting crypto products. In September 2023, BeInCrypto reported that AMF now offers social media influencers the opportunity to obtain a certificate to showcase their competency in financial markets and crypto.

Read more: Gemini vs. Coinbase: Everything You Need To Know

European Regulators Continue to Monitor Crypto

To obtain the “Responsible Influence Certificate,” influencers must score 75% or more on a 25-question exam. However, this module is only available after completing the broader “general” certificate.

Last year, the majority of finance ministers in Europe approved the Market in Crypto-Assets (MiCA) legislation.

The MiCA rules are particularly aimed at closing the loopholes in the system that allow avoiding taxes. Sweden’s Finance Minister, Elisabeth Svantesson, says, “This reduces the risk of crypto assets being used as a safe haven for tax avoidance and tax fraud.”

However, the MiCA bill suffered multiple delays, but was deemed necessary, especially after the FTX collapse. Meanwhile, in May last year, it received approval from EU members.

Furthermore, all 27 finance ministers cast their final votes in favor of the MiCA law.

Read more: 4 Best Crypto Learn and Earn Platforms in 2024

Top crypto projects in the US | April 2024



In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Ciaran Lyons
Ciaran is a cryptocurrency journalist based in Sydney, Australia. He particularly enjoys writing about CBDC developments and the practical implementations of cryptocurrency in real-world scenarios. He has also appeared across major television networks in Australia including Channel Ten, Channel Nine and SBS TV. Prior to his foray into cryptocurrency, Ciaran worked as a presenter on national radio station Triple J.