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Singapore awards major payment institution license to Sygnum Bank subsidiary

Sygnum Singapore, a subsidiary of Switzerland-based cryptocurrency bank Sygnum, received a license to offer crypto brokerage services to accredited investors and institutions in Singapore.On Oct. 3, Sygnum Singapore announced receiving its Major Payment Institution Licence (MPIL) from the Monetary Authority of Singapore (MAS). Speaking to Cryptox, a Sygnum Singapore spokesperson

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Singapore grants payment institution license to

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied has received a license from Singapore’s regulatory body, the Monetary Authority of Singapore (MAS). The announcement follows the previous approval that the company received in September of last year from the MAS. The new license will allow

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Ripple Crypto Obtains In-Principle Approval for Major Payments Institution License in Singapore

“We're pleased that Singapore has taken a forward-looking approach to how to regulate digital assets,” Stu Alderoty, Chief Legal Officer of Ripple, said in an interview with CryptoX. “With their licensing framework, they have figured out how to create a clear taxonomy for digital assets, balancing the need to protect

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Chinese Financial Institution BOCI Launches Tokenized Securities on Ethereum

The move represents the first attempt by any Chinese financial institution to issue a tokenized security in Hong Kong. Bank of China Investment (BOCI) has issued 200 million Chinese yuan ($28 million) worth of digital structured notes. Minted on the Ethereum blockchain, The move represents the first attempt by any Chinese

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Circle is latest recipient of Major Payment Institution license in Singapore

Circle’s Singapore affiliate, Circle Internet Singapore, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Circle Singapore received in-principle MPI approval from MAS in November and opened its office in the city-state in May.An MPI license allows Circle to offer digital payment token services

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Securing this recent license will allow to offer DPT services to a wide range of customers in Singapore. In a major development, announced that it has secured the license of a Major Payment Institution (MPI) from the Monetary Authority of Singapore (MAS) for offering Digital Payment Token (DPT) services

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Binance provider in Brazil gets payment institution approval

Latam Gateway, the payment provider for Binance in Brazil, has been granted a license by the country's central bank to operate as a payment institution and electronic money issuer on May 19, according to local media reports.Brazil is among Binance's top global markets, the exchange said in a previous announcement.Latam

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