Gemini wins full Singapore crypto payment license

Gemini received a Major Payment Institution license from the Monetary Authority of Singapore on Sept. 9, completing an approval process that lasted almost two years. Summary Gemini received Singapore’s Major Payment Institution license for regulated cryptocurrency and cross-border transfer services Wednesday. MAS authorizes Gemini Digital Payments Singapore to provide digital payment token services locally under regulation. Major payment institutions operate without standard transaction-volume limits but face broader regulatory obligations in Singapore. Gemini transitioned Singapore customers to its locally incorporated entity during April 2025 preparations for licensing. Singapore customers can access spot trading, custody and over-the-counter services through Gemini’s licensed local operation. The license covers Gemini Digital Payments Singapore, the exchange’s locally incorporated entity. The company can provide digital payment token services and cross-border money transfers under Singapore’s Payment Services Act. 🇸🇬 Big news: We're pleased to announce that Gemini Digital Payments Singapore, Pte. Ltd. (GDPSPL) has received a Major Payment Institution licence from @MAS_sg, allowi...