Upbit Singapore scored initial approval from the country’s central bank and financial regulator for a local crypto license. The Singapore entity for Upbit, South Korea’s largest exchange by volume, has been given in-principal approval for a Major Payment Institution (MPI) license in Singapore. On Oct. 16, Upbit Singapore said the Monetary Authority of Singapore (MAS)…
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The Singapore subsidiary of crypto payments giant Ripple has officially received its Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS). The MPI license will allow Ripple Markets APAC Pte Ltd, the local arm, to provide digital payment token services in the city-state…. Read More: Crypto Platform Ripple Joins Growing List of…
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Ripple said it received its fully-fledged digital payment tokens license from the Monetary Authority of Singapore. Ripple said it has received the full-fledged license to operate as a major payments institution from Singapore’s central bank, allowing it to continue operations in the country after receiving in-principle approval in June. In an Oct. 4 statement, the…
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GSR Markets, a subsidiary of cryptocurrency market maker GSR, has obtained in-principal approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Authorities in Singapore have so far granted the MPI licenses to 14 Digital Payment Token companies including Coinbase, which received a full MPI license on the same day…
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The new MPI license comes one year after Coinbase’s initial in-principle approval in Singapore, enabling it to expand digital payment token services. United States-based cryptocurrency exchange Coinbase is expanding operations in Singapore after securing major regulatory approval from the country’s central bank. Coinbase has obtained a Major Payment Institution (MPI) license from the Monetary Authority…
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Crypto exchange Coinbase has secured a full major payment institution (MPI) license under Singapore’s Payment Services Act. Coinbase announced that the recent development comes nearly a year after Coinbase received preliminary approval from the Monetary Authority of Singapore (MAS). With this license, Coinbase joins a growing list of firms authorized to provide digital payment token…
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Su Zhu the founder of bankrupt crypto hedge fund, Three Arrows Capital has been arrested in Singapore while embarking on an attempt to flee according to reports. According to a disclosure made by Teneo, the fund’s liquidator, Zhu was detained at the Changi airport on Friday after a committal order was issued on him and…
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The Bank for International Settlements (BIS) and central banks of France, Singapore, and Switzerland have jointly announced a successful test of cross-border trading and settlement for wholesale central bank digital currencies (wCBDCs). This test incorporated innovative decentralized finance (DeFi) technology concepts and was executed on a public blockchain…. Read More: BIS and Central Banks of…
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Changpeng Zhao, CEO of the world’s largest cryptocurrency exchange by trading volume Binance, said that Singapore’s approach to digital assets has become more “conservative,” particularly after the spectacular collapse of the now-defunct FTX exchange. The top crypto influencer spoke virtually at a conference in Singapore on Thursday, commenting on the city-state’s crypto-friendly yet cautious move…
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