Gemini is here in France! 🎉 The US cryptocurrency exchange has successfully obtained a French Virtual Asset Service Provider (VASP) license and officially entered the French market. Gillian Lynch, CEO of Gemini Europe and the UK, said that France's supportive regulation and market enthusiasm for the crypto industry provide them with excellent expansion opportunities.
According to Gemini's 2024 Global State of Crypto report, the proportion of crypto asset holders in France has increased by 2% since 2022 to 18%, making it one of the fastest growing countries in the world. In contrast, Canada has withdrawn many exchanges due to tightening regulations, while France has attracted more market participants with MiCA reforms and an emphasis on consumer protection. Bitcoin may have more opportunities in such an environment! 🚀