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29 October, 2024

Gemini Takes a Step Closer to Singapore Operations with Preliminary Approval

29 October, 2024

Gemini, a leading cryptocurrency exchange, has achieved a significant milestone in its expansion plans by securing in-principle approval for a Major Payment Institution license in Singapore. This pivotal step marks a crucial advancement for Gemini, paving the way for its official entry into the dynamic Singaporean market. The Major Payment Institution license grants Gemini the authorization to operate various financial services, including digital payment transactions, money remittance, and the issuance of digital payment tokens. This approval signifies the regulatory body’s confidence in Gemini’s commitment to adhering to stringent financial standards and safeguarding customer assets.

With this license in hand, Gemini is poised to leverage its expertise and established reputation in the cryptocurrency space to provide Singaporean users with a seamless and secure platform for accessing digital assets. The company’s entry into the Singaporean market is expected to further enhance the country’s position as a global hub for cryptocurrency innovation and adoption. Gemini’s focus on regulatory compliance and its dedication to offering a robust and secure trading environment have been instrumental in securing this in-principle approval. As Gemini moves forward with the final stages of obtaining its license, the company remains committed to fostering a secure and inclusive ecosystem for cryptocurrency trading in Singapore.