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Gemini crypto exchange gets initial nod from MAS
The Straits Times
|October 30, 2024
US firm can engage in cross-border money transfer, digital payment token services
Cryptocurrency exchange Gemini, which has been focused on growing its business in the region, has received a preliminary nod from Singapore's regulator.
The New York-based exchange has been granted in-principle approval by the Monetary Authority of Singapore (MAS) to provide cross-border money transfer and digital payment token services.
Mr Saad Ahmed, who heads the Asia-Pacific business, said the exchange is now one step closer to offering localised services that meet the needs of customers in the region.
"While the United States remains our largest market and global headquarters, Asia and Singapore in particular play a crucial role in our global strategy," he said.
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