Gemini Granted Major Payment Institution License in Singapore for Digital Payment Tokens and Cross-Border Services

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Gemini has received a Major Payment Institution (MPI) license from Singapore’s MAS, enabling it to offer digital asset-related services, including digital payment tokens and cross-border transfers. The license covers spot trading, custody, and OTC services for both retail and institutional clients. Gemini has been operating in Singapore since 2020. Cameron Winklevoss said the move demonstrates the firm’s commitment to the region, while Tyler Winklevoss referred to Singapore as the company’s regional hub. The firm will also explore opportunities in digital collectibles.

Odaily Planet Daily report: The cryptocurrency exchange Gemini has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS), enabling it to offer digital payment tokens and cross-border money transfer services.

The license enables Gemini to provide spot trading, custody, and over-the-counter services to both retail and institutional clients. Gemini has been serving clients in Singapore since 2020.

Gemini co-founder and president Cameron Winklevoss said that obtaining the license reflects the company’s commitment to the Singapore market. Co-founder and CEO Tyler Winklevoss stated that Singapore will serve as the company’s regional strategic hub. (Bitcoin.com News)

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