Gemini Receives In-Principle Approval from MAS for Major Payment Institution License

We are excited to announce that Gemini has received In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for its Major Payment Institution (MPI) license application under the Payment Services Act 2019 to provide cross-border money transfer and digital payment token services.

The issuance of the IPA is a significant milestone that underscores our commitment to operating with the highest regulatory standards and reinforces our dedication to the Singapore market.

Why Singapore Matters

Singapore has long been the heart of our operations in APAC. Since establishing our regional headquarters in Singapore, we’ve focused on expanding our footprint, ensuring that we bring a localized, secure, and compliant trading experience to users across the region.

At Gemini, we believe that the regulatory frameworks set by MAS strike a balance between fostering innovation and ensuring consumer protection. As part of our ongoing commitment to this market, we are continuing to work towards achieving the MPI license.

Strengthening our Singapore Team

As part of our ongoing expansion in APAC, we have made significant leadership hires in recent months, including Saad Ahmed, Head of APAC, who has been instrumental in driving our regional strategy and regulatory engagements.

Additionally, we continue to grow our team in Singapore, with a focus on hiring top talent to support our continued growth and ensure compliance with local regulations.

If you’re interested in joining our growing Singapore team, you can explore opportunities here.

As we look to the future, Gemini remains dedicated to delivering the best possible experience for our users while contributing to the growth and development of the digital asset ecosystem in Singapore and across APAC.

Stay tuned for more updates on our continued progress in Singapore as we work towards obtaining the MPI license.

Onward and Upward,

Team Gemini