Gemini has secured a Singapore Major Payment Institution license, a top-tier permit from the country’s financial regulator that lets the crypto exchange offer regulated payment services. The milestone puts Gemini’s local entity firmly inside Singapore’s rulebook for digital-asset payments.
A Major Payment Institution license is the highest payment permit issued by the Monetary Authority of Singapore, the country’s central bank and financial regulator. In plain terms, it is official permission to run regulated payment services in Singapore under strict oversight. For related coverage, see New York AG Sues Coinbase, Gemini Over Prediction Markets.
The regulator’s public register lists Gemini Digital Payments Singapore, Pte. Ltd. as a Major Payment Institution incorporated in Singapore. So the license belongs to Gemini’s local Singapore company, not the wider group. For related coverage, see PolyNext Awards & Conference Dubai 2026: Advancing the Global Dialogue on Plastic Recycling and Circularity.
Gemini published an announcement dated September 8, 2026, saying its Singapore entity had been granted the license. That is the company’s stated announcement date, not a confirmed legal grant date. For related coverage, see Crypto Groups Launch TV Ads to Push CLARITY Act Passage.
The exact date the license took effect is not clear from the available records. The regulator’s entry shows a “last updated” label of September 3, 2026, while one news report dated the receipt to September 9. We are treating the precise grant date as unconfirmed.
What the license covers for crypto payment services
The regulator’s register spells out two approved activities for Gemini’s Singapore entity. Both are listed directly on the official license record.
The first is Digital Payment Token Service. That covers dealing in and moving digital payment tokens, the regulator’s term for cryptocurrencies used as payment.
The second is Cross-border Money Transfer Service. This allows regulated transfers of money into and out of Singapore.
The regulator notes that Major Payment Institutions can provide regulated payment services regardless of transaction volume or the amount of e-money they hold. In exchange, they face more comprehensive regulation, including requirements to protect customer money.
Importantly, the license authorizes those specific services. It does not automatically extend to every product across the Gemini group, and regulatory approval is not the same as a confirmed public rollout of any given feature.
What this means for Gemini customers in Singapore
Gemini says its Singapore entity currently offers digital-asset spot trading, custody, and over-the-counter services. Custody means holding crypto on a customer’s behalf; over-the-counter refers to large private trades arranged directly rather than on an open order book.
Cameron Winklevoss, identified in the announcement as Gemini president and co-founder, said the company has served Singapore customers since 2020. Gemini has also expanded specific features for its Singapore users over time.
“Securing the MPI license from MAS validates our commitment and investment into Singapore,” said Cameron Winklevoss, Gemini president and co-founder, in the company announcement.
For existing customers, the available information establishes no specific change to account access, fees, or supported services. No customer notice, rollout plan, or onboarding change is confirmed in the materials reviewed here.
The broader picture is a friendlier regulatory footing. Singapore has been building formal rules for digital assets, including proposed licensing rules for stablecoins, and this license slots Gemini into that regulated system.
According to unconfirmed reports, Gemini received in-principle approval in October 2024 and moved its Singapore customers to the local entity in April 2025. Those historical steps come from a single news summary and are not established by primary records.
The practical takeaway: if you hold crypto with Gemini in Singapore, this license confirms the local entity now operates under the country’s top payment permit. It does not, on its own, promise new products, lower fees, or changed access, so watch for an official customer notice before assuming anything shifts.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
