Gemini Secures Singapore Payment License for Crypto Services
Gemini has obtained a major payment license in Singapore, allowing it to offer digital payment token and cross-border money transfer services without standard volume limits.
Cryptocurrency exchange Gemini has secured regulatory approval in Singapore through its local entity, marking a significant milestone for its operations in the Asia-Pacific market.
Under the newly obtained license, the firm is permitted to provide digital payment token services along with cross-border money transfers. The authorization allows Gemini to run these services without the standard transaction-volume limits typically imposed on smaller market participants.
While expanding compliance and licensed exchange access supports mainstream crypto utility, holding your own private keys remains the most reliable way to maintain full ownership and control over your digital wealth.
Source: Cointelegraph
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