Gemini receives Singapore payment license for crypto services - TradingView

**Gemini secures Singapore license, signaling continued Asian expansion**

Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This approval allows the platform to offer its digital payment token services to both institutional and retail clients in the city-state, marking a significant step in its regulated international growth.

The license is notable because Singapore maintains one of the strictest regulatory environments for digital assets globally. Under the Payment Services Act, the MPI license mandates rigorous anti-money laundering protocols and segregation of customer funds. For market observers, this approval signals that Gemini has met the MAS’s high compliance bar, a factor that can enhance credibility with risk-averse institutional investors looking for regulated venues.

This development comes at a time when crypto firms are increasingly prioritizing jurisdictions with clear rulebooks. While the license does not guarantee immediate trading volume, it positions Gemini to compete directly with other licensed players in Singapore, such as independent exchanges and bank-backed platforms. The key metric to watch is whether this regulatory clarity translates into sustained user growth in the region, particularly as global competition for compliant crypto services intensifies.