NewsHK
Singapore's payment licensing framework for digital assets has added another authorized operator in the cross-border money transfer space.
Gemini's local entity is now cleared to provide digital payment token and cross-border money transfer services in the city-state, without standard transaction-volume limits.
The absence of a volume ceiling is the operative detail.
Standard payment licenses in this space routinely carry throughput caps; the Singapore approval carries none, giving Gemini's entity room to handle cross-border transfers at a scale that capped licenses would restrict.
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