Gemini now holds a crypto registration in France

Gemini continues its global expansion, now holding a valid registration in France under l’Autorité des Marchés Financiers, also known as AMF. The announcement for the same was made by Gemini, sharing the news that it has registered itself as a Digital Asset Service Provider (DASP). AMF is a French regulatory body, and the development comes months after Gemini launched its EU headquarters in Ireland in 2022.

A valid registration by l’Autorité des Marchés Financiers for Gemini makes its presence now valid in more than a dozen EU regions and 70 countries across the globe.

That said, the residents of France will have access to all the services and products of Gemini as the platform begins to roll out its offerings. It has not been shared if the offerings will be made available together or in a phased manner. However, institutional and retail investors will have equal access to the services and products of the exchange platform.

For instance, institutional investors will be able to leverage the functionalities of Gemini eOTC, an acronym for electronic over-the-counter trading solutions. Similarly, retail traders will have access to more than 70 cryptocurrencies on the official mobile application and website of Gemini. As of now, Gemini is preparing for the final implementation of its lists, following which the coming weeks will see several items going live in France.

Gemini has always emphasized compliance with current regulations. This is clear in the exchange platform’s 2024 Crypto Trend Report, which discusses the necessity of market rules. According to Gemini, regulations increase client confidence and foster market innovation.

Gillian Lynch, the Head of Ireland and EU at Gemini, has called the registration a welcomed move, adding that they are excited to provide compliant and secure access to the future of finance to all the people of France. Gillian has called France the global innovation leader, further emphasizing that it houses a vibrant community of crypto enthusiasts.

The development of MiCA, which stands for Markets in Crypto-Assets Regulation, is one motivation to extend operations in the EU, notably France. It was passed by EU parliamentarians in April of last year, 2023. MiCA has now been hailed as a success for establishing a standardized legal framework around the world.

MiCA plays a key role in ensuring that a legal framework is in place to increase the accountability of service providers. Plus, it boosts cross-border services while empowering customers to access competitive and diverse markets.

Registering with Gemini seamlessly enables residents of France to buy and trade crypto. One can get started on the platform by creating an account. After which, they are given access to more than 70 cryptos. Details about the platform can be found in our Gemini Exchange review. It also sheds light on how trades happen on the platform.

The development has come at a time when the world is looking at the crypto sphere with new sights. Bitcoin ETF applications have seen the end of the tunnel with approval from the US SEC. Ether ETF could be the next thing.