Gemini Secures Major Payment Institution License in Singapore
- Gemini received a Major Payment Institution license from the Monetary Authority of Singapore (MAS).
- The license allows Gemini to offer digital payment token and cross-border money transfer services.
- Gemini has been operating in Singapore since 2020, serving both retail and institutional customers.
- Major payment institutions in Singapore can provide regulated services without transaction-volume limits.
- Singapore’s regulatory framework attracts global digital asset companies, including Gemini and Ripple.
Receiving the MAS license strengthens Gemini’s position in Singapore’s financial market, allowing it to expand its regulated services for exchange operations. This move aligns with Singapore’s strategy to attract cryptocurrency firms while enhancing regulatory protections.
With this new license, Gemini is well-positioned to continue its growth in the Asia-Pacific region by offering comprehensive digital asset services under a robust regulatory framework. (Source)
