According to CoinMeta, the crypto exchange Gemini has obtained a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS), allowing it to operate in Singapore without being subject to standard trading volume restrictions. The local entity Gemini Digital Payments Singapore of Gemini receiving this license marks a significant progression since it received preliminary approval two years ago. Gemini has been serving Singaporean customers since 2020 and considers Singapore a strategic hub for serving both retail and institutional clients.