Gemini receives approval-in-principle for a major payment institution license from the Monetary Authority of Singapore

Gemini, a cryptocurrency exchange, has announced that it has received preliminary approval from the Monetary Authority of Singapore (MAS) for a "Major Payment Institution" (MPI) license, which will allow it to provide cross-border money transfers and digital payment token services in Singapore. Since establishing its Asia-Pacific headquarters in Singapore, Gemini has been continuously expanding its local operations and strengthening its team, including the recent appointment of Saad Ahmed as the Asia-Pacific lead. Gemini plans to continue expanding its Singapore team and attracting more high-end talent to support its compliance and development in the Asia-Pacific region.