Coinbase Gets License To Operate In Singapore – Good Days Ahead For Crypto?
Coinbase is now in a good position to help cryptocurrencies have a little breathing room in Singapore where the government is maintaining a hard stance on the asset class. Following events that put the nation’s image in question as a safe hub for the highly volatile digital currencies, the Monetary Authority of Singapore made the […]
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Amid global expansion moves, Coinbase announced on October 1 that it secured a new Major Payment Institution (MPI) license in Singapore. This license will enable it to expand its digital asset payment services to Singapore’s retail and institutional customers. The MPI license comes one year after Coinbase obtained an in-principle approval from Singapore’s Monetary Authority […]
Considering the higher risk involved in cryptocurrency, the Monetary Authority of Singapore (MAS) has tightened the procedure to approve a crypto license for digital asset providers, making the regime a “responsible global crypto hub.” Ravi Menon, the managing director of MAS, stressed enacting a more strict process while issuing a company legal license to operate […]
The Monetary Authority of Singapore (MAS) has notified several providers of digital payment services that they will be licensed to operate in the city-state. The move, which comes after the approval of a crypto exchange for a license, secures Singapore’s status as Asia’s crypto hub, industry observers say. Digital Payment Service Providers to Be Authorized to Operate in Singapore The central banking authority of Singapore has informed digital payment service providers that it’s going to license them to operate under its jurisdiction. MAS told “several” out of....
One of the largest exchanges in the world Crypto.com is one step ahead of competitor Binance as it announced on July 28 that it has successfully obtained regulatory approval to operate in the Netherlands, a region where Binance had previously failed to obtain the necessary license. Crypto.com’s Approval A ‘Big Win’ The Singapore-headquartered exchange has […]
Crypto trading platform Crypto.com has received a license approval from the Monetary Authority of Singapore. Crypto.com is a major exchange looking to expand its operations to the South-East Asia market and eventually globally. This In-Principle Digital Token Payment License that has been given to other companies has helped the the firms offer services in Singapore. […]