Gemini Receives Major Payment Institution License from MAS

Gemini has secured a Major Payment Institution (MPI) license from Singapore's Monetary Authority (MAS), authorizing its local entity to offer digital payment token services and cross-border money transfer capabilities. The license removes standard transaction-volume restrictions that typically apply to smaller payment operators, giving Gemini operational flexibility in a key Asian hub. This approval reflects regulators' comfort with the exchange's compliance framework and positions it to expand service offerings in the region.

• Gemini's Singapore entity now operates without the transaction-volume caps imposed on standard payment institutions, broadening its capacity to handle larger flows.
• The MPI designation enables both digital token payments and cross-border remittances, expanding beyond core exchange functions.
• Securing a top-tier license from MAS signals regulatory acceptance of Gemini's operational standards in a tier-one financial center.