2 years ago
Crypto.com said June 1 that it has secured a Major Payment Institution (MPI) licence for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS), the country’s main fiscal regulatory body.
This regulatory support follows an “in-principle” support granted to the steadfast by MAS successful June 2022.
The caller licence permits Crypto.com to supply its DPT services to customers successful Singapore, offering an indispensable accidental to broaden its idiosyncratic base.
Kris Marszalek, CEO of Crypto.com, expressed the company’s committedness to upholding the integer assets sector’s integrity.
Chin Tah Ang, General Manager of Crypto.com’s Singapore operations, reiterated that Singapore continues to beryllium a captious hub for blockchain and fintech innovation.
This regulatory support follows a bid of akin recognitions Crypto.com has secured crossed assorted jurisdictions. These see licenses for e-money issuance, relationship issuance, cross-border and home wealth transportation services from MAS; registration arsenic a Digital Asset Service Provider (DASP) successful France; support arsenic a crypto plus concern successful the UK; licensing from the Dubai Virtual Assets Regulatory Authority (VARA); and different regulatory approvals successful South Korea, Australia, Italy, Greece, Cyprus, the Cayman Islands, and the United States, among others.
The station Crypto.com secures Major Payment Institution licence successful Singapore appeared archetypal connected CryptoSlate.
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