Gemini receives Singapore payment license for crypto services
60-second summary
Gemini secures a Singapore payment license, allowing its local subsidiary to offer digital payment token services and unlimited cross‑border money transfers. The authorization removes previous volume caps, enabling broader retail and institutional access to crypto transactions. This regulatory approval signals growing institutional confidence and could boost regional crypto adoption, strengthening market liquidity and competitive dynamics.
Gemini’s local entity is authorized to provide digital payment token and cross-border money transfer services without standard transaction-volume limits.