Cryptocurrency exchange Gemini has been granted approval to operate as a digital asset services provider (DASP) in France by the Autorité des marchés financiers (AMF), the country's financial markets regulator. With this registration, Gemini expands its operations to over a dozen European jurisdictions. The approval allows Gemini to offer its services, including access to over 70 cryptocurrencies, to institutional and retail traders in France. The move aligns with Gemini's goal to provide compliant and secure access to the future of finance. The registration process was reportedly simultaneous with OKX, making Gemini the 105th registrant with the AMF.
Cryptocurrency exchange Gemini has received approval from the Autorité des marchés financiers (AMF), France's financial markets regulator, to operate as a digital asset services provider (DASP). The registration with the AMF allows Gemini to extend its services to over a dozen European jurisdictions. In the coming weeks, Gemini plans to offer access to its services, including more than 70 cryptocurrencies, to institutional and retail traders in France. The move aligns with Gemini's commitment to providing compliant and secure access to the future of finance.
The approval process, which took place simultaneously with OKX, marks Gemini as the 105th registrant with the AMF. This regulatory clearance expands Gemini's presence in the European market, with its services becoming available to French customers. Gillian Lynch, Head of the European Union and Ireland at Gemini, expressed excitement about providing French customers with compliant and secure access to the innovative financial solutions offered by Gemini.
Gemini's expansion into France follows the company's strategy to operate in multiple European jurisdictions and offer a diverse range of cryptocurrencies to its users. As Gemini enhances its global footprint, the regulatory approval in France represents a significant milestone in the company's mission to facilitate secure and compliant cryptocurrency trading.
It is worth noting that Gemini is currently facing legal challenges, including a lawsuit by the U.S. Securities and Exchange Commission (SEC) related to its Earn program. The New York Attorney General's office has also filed a lawsuit against Gemini, focusing on regulatory compliance issues. Despite these legal challenges, Gemini continues to pursue its expansion plans and regulatory clearances in different jurisdictions.
(DEREK ANDERSEN, COINTELEGRAPH, 2024)