Gemini

2024

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The Gemini exchange, founded by the Winklevoss twins, has obtained approval from regulators to launch its services in France.&nbsp; 
According to reports from <a href="https://www.cnbc.com/2024/01/17/winklevoss-crypto-exchange-gemini-gets-nod-to-launch-in-france.html" target="_blank" rel="noopener">CNBC</a>, the Autorite des marches financiers (AMF) approved the exchange today as a virtual asset services provider.&nbsp; The company aims to fully operationalize its platform for French users in the upcoming weeks after completing the necessary preparatory steps. 
Upon its official <a href="https://twitter.com/Gemini/status/1747636646328057944" target="_blank" rel="noopener">launch</a> in France, Gemini will offer its users the opportunity to trade an array of over 70 different cryptocurrencies. This will be accessible through both its website and mobile application, alongside the provision of its more sophisticated ActiveTrader platform. 
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 🇫🇷 Salut! We are thrilled to announce Gemini has been registered as a Digital Asset Service Provider (DASP) by l’Autorité des Marchés Financiers (AMF), the French financial markets regulator. Following the launch of our EU headquarters in Ireland in 2022, Gemini is now… <a href="https://t.co/OXt1CfPh9t" target="_blank">pic.twitter.com/OXt1CfPh9t</a>— Gemini (@Gemini) <a href="https://twitter.com/Gemini/status/1747636646328057944?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 17, 2024</a>
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Gemini’s strategic move into the European Union comes amidst an increasing trend of major U.S. crypto firms seeking growth opportunities in Europe. This trend is largely attributed to the stringent regulatory environment in the United States, particularly the Securities and Exchange Commission’s (SEC) actions toward the crypto industry.&nbsp; 
Notably, Gemini and another crypto lender, Genesis, faced <a href="https://crypto.news/gemini-earn-creditors-face-potential-70-cut-in-crypto-payouts/">charges</a> from the SEC in the previous year for allegedly offering unregistered securities through Gemini Earn, a program promising high returns. Gemini maintains that its interest-earning products do not constitute securities and is actively contesting the SEC’s lawsuit to have it dismissed. 
The expansion by Gemini into France underscores the evolving dynamics of the global cryptocurrency market as firms navigate varied regulatory landscapes in their pursuit of growth and innovation. 
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Gemini received AMF approval to launch services in France

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