Singapore: Crypto.com Secures 'Major Payment Institution' Licence
A host of crypto exchanges have been expanding their realm of late. Hong Kong, UAE, and Singapore are a few regions that are attracting prominent companies. On Thursday, June 1, Crypto.com announced that it has received its Major Payment Institution [MPI] license from the Monetary Authority of Singapore . The official announcement highlighted, “With this license, Crypto.com can continue to extend its Digital Payment Token (DPT) services to customers in Singapore.” We're excited to share our latest regulatory achievement in one of the world's leading crypto hubs, # Singapore https://t.co/vCNztATSCO has been granted the Major Payment Institution Licence by The Monetary Authority of Singapore @MAS_sg Learn more:https://t.co/4PwkuGgsnr pic.twitter.com/AklwjP2Z4C — Crypto.com (@cryptocom) June 1, 2023 Also Read: Crypto.com Unveils Collaboration with Samsung Kris Marszalek, CEO of Crypto.com, asserted that Singapore’s central bank is “recognized globally” as a re...