Crypto platform Gemini clinches in-principle approval in Singapore

Gemini is one step closer to getting a major payment institution license.

Gemini, a crypto asset trading platform, has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for its major payment institution (MPI) license.

The IPA meant that Gemini met Singapore’s regulatory standards.

Gemini said that they will continue to work towards achieving the MPI license.

Gemini also said that it will continue to grow its Singapore team. The company recently appointed Saad Ahmed as head of APAC.