completes its licensing process in Singapore

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  • received an in-principle approval in Singapore last June.
  • Coinbase and are the other exchanges that have received in-principle approval in Singapore.
  • has now been awarded Digital Token License in Singapore.

A year after receiving in-principle approval in Singapore, has completed the licensing process. has today announced that it has received its Major Payment Institution (MPI) license for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS).

Acknowledging this great milestone in Singapore,’s CEO Kris Marszalek said:

“The Monetary Authority of Singapore is recognized globally as a regulator that ensures responsible innovation of the digital assets sector.”

Crypto regulation in Singapore

The Monetary Authority of Singapore (MAS) has been brutal and unrelentingly hard on unbecoming behaviour within the crypto industry and passed stringent rules last year setting a high bar for approving companies involved with cryptocurrencies.

Since last year, several cryptocurrency exchanges including Coinbase and have received in-principle approval in Singapore. Today’s announcement by makes the crypto exchange one of the very few exchanges to receive a license under the new regulations in Singapore.

The post completes its licensing process in Singapore appeared first on CoinJournal.


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