Gemini Secures Singapore Major Payment Institution License
The US crypto exchange won a Major Payment Institution license from Singapore's central bank, letting its local unit offer digital payment token and cross-border transfer services.
AfroEuropa Newsroom
AfroEuropa desk
US-based crypto exchange Gemini has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), the country's central bank. The license was issued to the exchange's local unit, Gemini Digital Payments Singapore, and authorizes it to offer digital payment token services and cross-border money transfers.
The approval completes a regulatory process that started with in-principle approval in October 2024. According to BitKE and Cointelegraph, the MPI license lets Gemini operate without the transaction-volume caps that apply to standard payment institutions, though larger operators are subject to additional regulatory requirements tied to the risks of their scale.
Keep reading
How the EIP-7702 Ethereum Upgrade Figured in the Binance Wallet Attack
Security researchers say a 2025 Ethereum upgrade did not cause the Binance hack but may have helped attackers sidestep withdrawal protections.
Other highlights
Talky Raises €1.5M as European AI Accounting Startups Draw Fresh Capital
Madrid-based Talky Labs secured €1.5 million in pre-Seed funding, joining a wave of 2026 European investments in AI-driven accounting tools.
Follow the story
One newsletter, two continents
The Bridge brings you the tech, startups, and leaders moving between Africa and Europe in one sharp email each morning. No spam, unsubscribe anytime.
