American Crypto exchange, Gemini, has received a Major Payment Institution (MPI) license from Singapore’s central bank, allowing its local entity to provide digital payment token and cross-border money transfer services.
The Monetary Authority of Singapore (MAS) license was granted to Gemini Digital Payments Singapore, completing a regulatory process that began with in-principle approval in October 2024.
The MPI license allows Gemini to provide regulated payment services without the transaction-volume limits that apply to standard payment institutions although larger operators face additional regulatory requirements because of the risks associated with their scale.
