Gemini obtains Major Payment Institution licence in Singapore, enabling digital payment tokens and cross-border transfers.
Regulation & Gov ·
Gemini has obtained a Major Payment Institution licence in Singapore, clearing the way for the exchange to offer digital payment token services and facilitate cross-border transfers in the region. The licence represents a regulatory milestone for the Winklevoss-founded platform as it expands its compliance footprint beyond its established New York trust company status and BitLicense holding.
The move fits within Gemini's broader operational strategy of pursuing regulatory clarity across jurisdictions. Singapore's framework for payment institutions has drawn major crypto and fintech players seeking to operate legally in Southeast Asia, and the Major Payment Institution designation permits licensed entities to handle digital payment tokens and international settlement services.
Details on the specific timeline for service launches under this licence and whether it will extend to Gemini's full product suite—including spot trading, derivatives, or custody—remain unclear at this stage.