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BackGemini Receives Major Payment Institution License from MAS in Singapore
Gemini Receives Major Payment Institution License from MAS in Singapore
Developing
Cointelegraph38 minutes agoBusiness1 min read

Gemini Receives Major Payment Institution License from MAS in Singapore

geminimassingapore

Quick Look

  • Gemini has received a Major Payment Institution license from the Monetary Authority of Singapore, allowing it to provide regulated digital payment token services and cross-border money transfers without transaction-volume limits.
  • The license follows in-principle approval granted in October 2024 and a migration of customers to its local entity in April 2025.

AI-generated summary

Why It Matters

Gemini received in-principle approval for an MPI license from MAS in October 2024 and migrated its Singapore customers to a local entity in April 2025 while awaiting final approval.

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Crypto exchange Gemini has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), completing its transition from in-principle approval granted nearly two years ago.

On Wednesday, Gemini said the license was awarded to Gemini Digital Payments Singapore, its local entity. The MAS Financial Institutions Directory lists the company as authorized to provide digital payment token services and cross-border money transfers.

MPI license holders can provide regulated payment services without being subject to the transaction-volume limits imposed on standard payment institutions. However, MAS said major payment institutions face more comprehensive regulation because their operations’ scale poses greater risks.

Gemini President and co-founder Cameron Winklevoss said the exchange has served customers in Singapore since 2020, while CEO Tyler Winklevoss described the country as a strategic hub for serving retail and institutional clients. Gemini offers spot crypto trading, digital asset custody and over-the-counter services in Singapore.

The full license follows MAS’ in-principle approval of Gemini’s application in October 2024. In April 2025, Gemini moved its Singapore customers from Gemini Trust Company, which operated under an exemption, to its locally incorporated entity while it worked toward securing final approval.

What to Watch

AI outlook — possibilities, not facts

  • Gemini will expand its digital payment token and cross-border transfer services in Singapore

    Likely · Within months

Open Questions

  • What specific transaction volumes will Gemini now be able to handle under the MPI license?
  • How will the MPI license affect Gemini's competitive position against other crypto exchanges in Singapore?

Related Topics

gemini
PeopleCameron WinklevossTyler Winklevoss
OrganizationsGemini Digital Payments SingaporeMonetary Authority of SingaporeGemini Trust Company
PlacesSingapore
Topicsmassingaporempi licensedigital payment tokencross-border transferscameron winklevoss
This article was originally published by Cointelegraph.

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