An Ex-Morgan Stanley exec joined the Gemini Crypto exchange as the platform continues to enhance its global expansion strategy so let’s find out more in our cryptonews.
The major American crypto exchange Gemini is expanding the company’s business in the Asian-Pacific region with their latest hire of the Ex-Morgan Stanley exec Andy Meehan. He worked at the major investment Bank and joined Gemini as a chief compliance officer for the APAC region. Announcing the news, the exchange executives noted that Meehan will work with the regulators to promote smart regulations that will boost adoption. Meehan will shape strategy, product and operations of the Gemini exchange in the region. The new Gemini CCO will be based in Singapore and will report to Gemini’s new APAC managing director Jeremy Ng.
Gemini representatives said that the APAC region continues to be a key priority for the company as it had applied for a license with the Monetary Authority of Singapore under the 2019 Payment Services Act at the start of the year. Gemini’s focus on the Southeast Asia region follows major regulatory developments in Singapore. Cameron Winklevoss, the president and co-founder of Gemini previously welcomed the progress in the local crypto regulations saying that the MAS developed “thoughtful regulation that is paving the way for further adoption and innovation.”
Gemini is expanding into new jurisdictions around the world after launching services in the United Kingdom back in September as we reported. The Gemini exchange opens the doors to investors from the United Kingdom, launching operations for its entire range of services in the country. Led by the famous Winklevoss twins, the New York based cryptocurrency exchange Gemini has officially launched in the UK, coming after the Financial Conduct Authority (FCA) in the country granted it an Electronic Money Institution (EMI) license.
The crypto news also show that the Winklevoss led Bitcoin and crypto trading platform is also one of the first businesses to receive the FCA approval as a part of its Fifth Money Laundering Directive (5MLD) crypto asset registration process. As Gemini exchange opens the doors to UK crypto investors, there is an accompanying blog article where they announced the rollout of the full suite of services for UK users. As we can see from it, the New York based Bitcoin exchange also added support for the state-backed fiat currency GBP, which according to Gemini would ‘provide a more local experience’ to its British users.
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