Leading American cryptocurrency exchange Gemini is expanding the company’s business within the Asia-Pacific region with a new high-profile hire.
A former executive at major American investment bank Morgan Stanley, Andy Meehan, joins Gemini exchange as the chief compliance officer of the APAC location.
In line with an official report, Gemini executives revealed that Meehan will work with regulators to market smart regulations that drive adoption.
Formerly head of legal for Morgan Stanley’s global financial crimes division within the APAC, Meehan will now shape strategy, product, and operations of Gemini in the region. The new Gemini CCO will be based in Singapore and report on to Gemini’s new APAC managing director ‘Jeremy Ng’.
While explaining further Gemini representatives revealed that the APAC region continues to be a key priority for the firm, as it applied for a license with the Monetary Authority of Singapore beneath the 2019 Payment Services Act earlier this year.
Gemini’s expansion to Southeast Asia follows significant regulatory developments in Singapore. Cameron Winklevoss, president & co-founder of Gemini exchange, has earlier welcomed the progress in native cryptocurrency regulations, claiming that the MAS developed “thoughtful regulation that’s paving the way for future adoption as well as innovation.”
Gemini exchange is expanding into new jurisdictions globally, having launched services within the U.S. later in September this year.