The company, founded by Tyler and Cameron Winklevoss and recently valued at US$7.1 billion ($9.72 billion) during a round of fund raising, has been expanding in Singapore. It counts the city-state as its Asia-Pacific hub and has more than 50 staff there, according to the spokesperson.
Gemini’s application for a local license is still pending with the Monetary Authority of Singapore, the spokesperson said. The Major Payment Institution license would allow Gemini to provide payment services including money transfers and those related to cryptocurrencies.
Photo: Bloomberg
