Cryptocurrency Analysis and News Portal
Ripple says it received a 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 blog post, the company said its local entity, Ripple Markets APAC Pte Ltd, was granted the full
Read More
“Singapore has developed into one of the leading fintech and digital asset hubs striking the balance between innovation, consumer protection and responsible growth,” said Ripple CEO Brad Garlinghouse, in a statement, adding that the country has been the company’s Asia Pacific headquarters for six years. Source
Read More
For GSR, Coinbase, and other firms like them, it appears that Singapore presents the perfect market opportunity. The regulatory compliance efforts of crypto trading firm and liquidity provider GSR in Singapore may have finally paid off. This follows after its Singaporean branch, GSR Markets Pte. Ltd recently secured an in-principle Major
Read More
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
Read More
Cryptocurrency trading firm and liquidity provider GSR's Singaporean subsidiary, GSR Markets Pte. Ltd, has received an in-principal approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. "GSR is proud to have met the rigorous admission requirements set by MAS and will be working diligently towards
Read More
Coinbase is the latest crypto company to secure full regulatory approval in Singapore. The U.S. exchange’s Singaporean arm announced it had received a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS), becoming a fully authorized player in Singapore. The platform had secured a temporary licensing exemption
Read More
The first transactions within the pilot included fund subscriptions and redemption of the tokenized fund represented as a smart contract. Notably, UBS used its own UBS Tokenize platform to conduct the transactions. Swiss multinational investment bank and financial services company UBS Asset Management (SWX: UBSG) has launched the first pilot of a tokenized Variable Capital Company
Read More
With the license approval, Coinbase has now joined the ranks of other crypto companies with full licenses, demonstrating the country’s commitment to fostering a vibrant and well-regulated digital assets ecosystem. Leading American cryptocurrency exchange Coinbase has been granted an operational license in Singapore through its subsidiary to service its customers in
Read More
Last week the company attained regulatory approval in Bermuda and registered with Spains central bank. Source
Read More
The United States-based cryptocurrency exchange Coinbase is expanding operations in Singapore by securing major regulatory approval from the country’s central bank.Coinbase has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore, the firm announced on Oct. 1. The new license, coming one year after Coinbase’s initial
Read More