TechFlow news — On November 19, according to The Block, U.S.-based cryptocurrency exchange Gemini announced it will launch operations in France. This move marks Gemini's latest expansion within the European Union, particularly amid the upcoming Markets in Crypto-Assets (MiCA) regulations that are set to reshape the region's relationship with the crypto industry.
Earlier this year, Gemini registered in France as a Virtual Asset Service Provider (VASP). The company stated that France’s proactive support and engagement with the crypto sector were key factors in its strategic planning.
According to Gemini’s 2024 Global Crypto Report, France ranks among the “most crypto-supportive countries,” with the proportion of cryptocurrency holders in the country rising by 2% since 2022 to reach 18%.
