{"id":140878,"date":"2024-10-29T21:30:13","date_gmt":"2024-10-29T19:30:13","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140878"},"modified":"2024-10-29T13:55:09","modified_gmt":"2024-10-29T11:55:09","slug":"gemini-secures-preliminary-approval-for-major-payment-institution-license-in-singapore","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/gemini-secures-preliminary-approval-for-major-payment-institution-license-in-singapore\/","title":{"rendered":"Gemini Secures Preliminary Approval for Major Payment Institution License in Singapore"},"content":{"rendered":"

On October 29, the Monetary Authority of Singapore (MAS) granted<\/a> <\/strong>the exchange in-principle approval for a Major Payment Institution (MPI) license. This license will enable Gemini to offer digital payment tokens and facilitate cross-border money transfers.<\/p>\n

Gemini views this in-principle approval as a significant step, as Singapore is a central hub for its activities in the Asia-Pacific region. The company is now focused on obtaining final approval for the MPI license.<\/p>\n

According to Saad Ahmed, head of Gemini’s Asia-Pacific division, this move brings the exchange closer to providing tailored services for Singaporean users. He emphasized the importance of Singapore in Gemini’s global strategy, even as the U.S. remains its primary market. Ahmed also mentioned that Gemini is expanding its team in Singapore and relocating to a larger office to accommodate growth.<\/p>\n