Gemini has received a Major Payment Institution [MPI] licence from the Monetary Authority of Singapore [MAS].

The exchange will now have a stronger regulatory foothold in one of Asia’s financial hubs.

Gemini gains full approval in Singapore

The licence was granted on September 8 to Gemini Digital Payments Singapore, which covers its business in the country.

An MPI licence allows the company to operate as an approved payment services provider in Singapore, without the low transaction limit that smaller payment institutions may face.

As part of this, Gemini must continue to meet its Singapore rules across the area of customer protection, financial crime, and operational controls.

Gemini already provides spot crypto trading in the…