Cryptosexchange Gemini hires former Morgan Stanley employee

The crypto exchange Gemini wants to expand further globally.

The large American crypto currency exchange Gemini is expanding further the Bitcoin Victory into the Asia-Pacific region and is filling a top-class position.

Andy Meehan, a former senior executive of the large American investment bank Morgan Stanley, joins Gemini as head of the compliance department for the APAC region.

In the announcement on 7 October, Gemini executives noted that Meehan will work with regulators and advocate for meaningful regulation.

The former head of the legal department of Morgan Stanley’s Global Economic Crime Division in APAC will now shape Gemini’s strategy, product and operations in the region. The new head of Gemini’s Compliance Department will be based in Singapore and will work with Gemini’s new APAC Managing Director Jeremy Ng.

Gemini representatives told Cointelegraph that the APAC region remains a key priority for the company. Earlier this year, the company applied for a licence under the Payment Services Act 2019 with the Financial Services Authority in Singapore.

Significant regulatory developments in Singapore have led Gemini to focus so strongly on South East Asia. Cameron Winklevoss, President and co-founder of Gemini, has welcomed the progress made in local cryptoregulation and stated that the Singapore financial regulator has „developed a well thought-out regulation that paves the way for greater acceptance and innovation“.

Gemini is expanding into new regions worldwide. It also opened a branch in the UK at the end of September.