Gemini, a major U.S. cryptocurrency exchange, is expanding the company’s business in the Asia Pacific region with a new senior employee.

Andy Meehan, former CEO of Morgan Stanley, a large US investment bank, joined Jiminy as Chief Compliance Officer for the Asia Pacific region.

By announcing the news on October 7, Gemini leaders indicated that Meehan will work with regulators to reinforce the health rules that drive adoption.

Former Chief Legal Officer, Morgan Stanley’s Global Financial Crimes Asia Pacific. Meehan will now lead Gemini’s strategy, products and operations in the region. Gemini’s new Chief Commercial Officer will be based in Singapore and will report directly to Gemini’s new CEO for Asia Pacific, Jeremy Ng.

Gemini told Cointelegraph that the Asia-Pacific region remained a major priority for the company when it applied for a license from the Monetary Authority of Singapore earlier this year under the Payment Services Act 2019.

The twins’ focus on Southeast Asia follows major changes in Singapore’s legislation. Cameron Winklevos, President and Co-founder of Gemini, previously welcomed the progress made in local cryptocurrencies and claimed that MAS has developed “thoughtful regulation that paves the way for further implementation and innovation.”

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

Source: CoinTelegraph