Gemini grabs ‘In-Principle Approval’ for Singapore license, despite recent struggle

Cryptocurrency exchange Gemini has received In-Principle Approval (IPA) for a Major Payment Institution license application in Singapore. The country’s Monetary Authority of Singapore (MAS) green-lit the Winklevoss twins-founded exchange, as it aims to further cement its influence in APAC — but legal and regulatory troubles for Gemini persist. Popular cryptocurrency exchange Gemini (Gemini Trust Company,