Former Morgan Stanley executive joins Gemini cryptoexchange

The crypto currency exchange, Gemini, continues to strengthen its global expansion strategy.

The leading US crypto coin exchange, Gemini, is expanding the company’s business in the Asia Pacific region with a new high-profile recruitment.

Andy Meehan, a former executive with leading US investment bank Morgan Stanley, joined Gemini as director of compliance for the APAC region.

In announcing the news on October 7, Gemini executives said that Meehan will work to promote smart regulations to drive adoption.

Meehan, formerly head of legal affairs for Morgan Stanley’s global financial crime division in APAC, will now shape Gemini’s strategy, product and operations in the region. Gemini’s new CCO will be based in Singapore and will report directly to Gemini’s new APAC managing director, Jeremy Ng.

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

Gemini’s focus on Southeast Asia follows important regulatory developments in Singapore. Cameron Winklevoss, chairman and co-founder of Gemini, previously welcomed progress in local Bitcoin Blueprint regulation, stating that MAS had developed “careful regulation that is paving the way for greater adoption and innovation”.

Gemini is expanding into new jurisdictions worldwide, having launched services in the UK in late September 2020.