Cryptocurrency exchange Gemini is now registered as a digital asset service provider in France. The crypto firm explained 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 exchange Gemini announced Wednesday that it is now registered as a digital asset service provider (DASP) by Autorité des marchés financiers (AMF), France’s financial markets regulator. Gemini detailed:
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.
The crypto exchange explained that with its French DASP registration, its products “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 last year, 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, released in November last year, 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 showed 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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