Gemini Expands in APAC with Full MPI License from MAS

Gemini has secured a full Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), solidifying its presence in the Asia-Pacific region.

The MPI license is significant as it allows Gemini to provide regulated payment services, including digital payment token (DPT) services. DPT services involve regulated activities involving digital payment tokens, which is a regulatory category used by Singapore for crypto assets.

Gemini's expansion into Singapore comes as the country becomes a key center for crypto companies in APAC. The company has been working towards this milestone for nearly two years, with MAS granting it in-principle approval for an MPI license in October 2024.