Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has received approval from the French financial markets regulator to operate in France.

This approval is part of Gemini's expansion into Europe, owing to regulatory challenges in the US.

Gemini plans to offer over 70 cryptocurrencies for trading in France and has been registered as a Digital Asset Service Provider.

Despite facing legal action in the US, Gemini is considering expanding its operations, including possibly opening a second headquarters in the UK.

Gemini has been chosen by asset manager 7RCC for its spot Bitcoin ETF application, which expands its presence in over 12 European countries.

The French government and European regulators are closely monitoring crypto advertising and transactions, with legislation aimed at closing tax loopholes receiving approval.