REGULATION | American Crypto Exchange, Gemini, Receives Singapore Payment License Without Transaction-Volume Limits

American Crypto exchange, Gemini, has received a Major Payment Institution (MPI) license from Singapore’s central bank, allowing its local entity to provide digital payment token and cross-border money transfer services.

The Monetary Authority of Singapore (MAS) license was granted to Gemini Digital Payments Singapore, completing a regulatory process that began with in-principle approval in October 2024.

The MPI license allows Gemini to provide regulated payment services without the transaction-volume limits that apply to standard payment institutions although larger operators face additional regulatory requirements because of the risks associated with their scale.

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Gemini said it has served customers in Singapore since 2020 and views the city-state as a strategic hub for its retail and institutional business.

The exchange currently offers spot crypto trading, digital-asset custody and over-the-counter services in Singapore.

Gemini shifted Singapore customers to its locally incorporated entity in April 2025 as it worked toward securing the full license.

The approval comes as Singapore continues to position itself as a regulated hub for digital-asset businesses with MAS requiring crypto firms to meet licensing and compliance standards before providing regulated services.

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