Gemini, a leading US-based cryptocurrency exchange company, is expanding its operations in the Asia-Pacific region with a major new agreement.

Andy Meehan, former CEO of major US investment bank Morgan Stanley, joins Jiminy as Director of Compliance Asia Pacific.

When Gemini announced the news on Oct. 7, Gemini leaders indicated that Meehan would work with regulators to promote smart rules to drive adoption.

Meehan previously headed the legal department for Morgan Stanley’s international financial crime division in the Asia-Pacific region and will now guide Gemini’s strategy, product and operations in the region. The new Gemini CCO will be headquartered in Singapore and will report directly to Gemini’s new Managing Director at APAC Jeremy Ng.

Twin representatives told Cointelegraph that the APAC region remains an important priority for the company as it applied for a license with the Monetary Authority of Singapore earlier this year under the Payment Services Act 2019.

The twins’ focus on Southeast Asia follows important organizational changes in Singapore. Cameron Winklevoss, President and Co-Founder of Gemini, welcomed previous progress with local coding regulations and stated that MAS has developed “well thought out regulations to facilitate further implementation and innovation.”

Gemini is expanding into new jurisdictions around the world, launching its services in the UK at the end of September 2020.

Source: CoinTelegraph

LEAVE A REPLY