Written by Ezra Reguerrastaff writerReviewed by Yohan Yunstaff editor

Written by Ezra Reguerrastaff writer

Reviewed by Yohan Yunstaff editor

Gemini receives Singapore payment license for crypto services

Latest NewsPublishedSep 9, 2026

Gemini’s local entity is authorized to provide digital payment token and cross-border money transfer services without standard transaction-volume limits.

Crypto exchange Gemini has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), completing its transition from in-principle approval granted nearly two years ago. 

On Wednesday, Gemini stated the license was awarded to Gemini Digital Payments Singapore, its local entity. The MAS Financial Institutions Directory lists the company as authorized to provide digital payment token services and cross-border money transfers. 

MPI license holders can provide regulated payment services without being subject to the transaction-volume limits imposed on standard payment institutions. nevertheless, MAS stated major payment institutions face more comprehensive regulation because their operations’ scale poses greater risks. 

Gemini President and co-founder Cameron Winklevoss stated the exchange has served customers in Singapore since 2020, while CEO Tyler Winklevoss described the country as a strategic hub for serving retail and institutional clients. Gemini offers spot crypto trading, digital asset custody and over-the-counter services in Singapore.

The full license follows MAS’ in-principle approval of Gemini’s application in October 2024. In April 2025, Gemini moved its Singapore customers from Gemini Trust Company, which operated under an exemption, to its locally incorporated entity while it worked toward securing final approval.

Related: Gemini plans to distribute crypto prediction markets through Apex brokerages

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Gemini
• Singapore
• Asia
• Regulation

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