However, Gemini's global expansion has faced challenges, including the suspension of services to its Dutch customers due to regulatory pressure from the De Nederlandsche Bank. The company relocated its European headquarters from London to Dublin due to regulatory uncertainties and registered as a Virtual Asset Service Provider in Ireland in July 2022. Gemini is also facing a legal battle with the SEC and a lawsuit from the New York Attorney General, Letitia James, accusing the company of violating securities regulations.
Key takeaways:
- Gemini has received approval from the French regulator to launch its services in France, marking a significant step in its European expansion.
- The crypto exchange plans to roll out its products to retail and institutional clients in France in the coming weeks.
- Gemini's expansion into the European market comes amid increased scrutiny on the crypto industry by US regulators, including the SEC.
- Gemini has faced regulatory challenges globally, including a lawsuit from the SEC and the suspension of its services to Dutch customers due to regulatory pressure from the De Nederlandsche Bank.