Gemini received a Major Payment Institution license from the Monetary Authority of Singapore on Sept. 9, completing an approval process that lasted almost two years.
Summary
- Gemini received Singapore’s Major Payment Institution license for regulated cryptocurrency and cross-border transfer services Wednesday.
- MAS authorizes Gemini Digital Payments Singapore to provide digital payment token services locally under regulation.
- Major payment institutions operate without standard transaction-volume limits but face broader regulatory obligations in Singapore.
- Gemini transitioned Singapore customers to its locally incorporated entity during April 2025 preparations for…
