MPI License Gemini has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).
The license allows the exchange to provide crypto‑based payment services to a wider customer base.
Approval Process The approval followed the initial authorization granted two years ago, completing the full licensing procedure.
Benefits of MPI License With the MPI license, Gemini can offer regulated payment services without being subject to the transaction volume limits that apply to standard payment institutions.
This expands its capacity to deliver crypto‑based payment solutions to more users and supports the growth of Singapore’s crypto ecosystem.
Gemini Secures Payment License in Singapore for Crypto Services
Crypto exchange Gemini has obtained a Major Payment Institution license from Singapore's Monetary Authority, enabling it to offer crypto‑based payment solutions to a broader audience.
Sources
- ekotürk · baglanti