Gemini Receives In-Principle Approval from MAS for MPI License in Singapore

Oct 29, 2024, 11:07 AM

Gemini, a cryptocurrency exchange, has received In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for its Major Payment Institution (MPI) license application. This approval allows Gemini to offer digital payment tokens, digital payment services, and cross-border money transfer services in Singapore, marking a significant step forward in its licensing journey. The approval demonstrates Gemini's commitment to operating with the highest standards and expands its presence in the Asian financial hub.