U.S.-based cryptocurrency exchange Gemini has tapped a former Morgan Stanley executive for its operations in Asia.
- Andy Meehan will act as the firm's chief compliance officer for Asia Pacific, overseeing strategic compliance and regulatory relationships within the region.
- Per a Thursday press release, Meehan will be responsible for ensuring Gemini's alignment with regulatory guidelines, shaping strategy, product and operations.
- Meehan brings years of experience in compliance, having worked at large law firms including Hong Kong's Kobre & Kim and financial services firm Credit Suisse.
- At Morgan Stanley, Meehan served as head of legal for the company's global financial crimes division, also in the Asia Pacific region.
- The new chief compliance officer will be based in Singapore and report directly to Gemini's new Asia director, Jeremy Ng.
- The most healthy financial markets are ones that are "thoughtfully regulated" Ng said. Crypto companies operating in stringent regulatory jurisdictions "will have the greatest opportunity."
- The exchange – founded by Cameron and Tyler Winklevoss – has already applied with the Monetary Authority of Singapore for a financial license under the country's Payment Services Act.
- Gemini is also an approved trust company in New York state, and recently launched in the U.K. after being awarded an Electronic Money Institution license.