The Singapore-based cryptocurrency exchange, Crypto.com, announced on June 1 that it had been granted a major payment institution (MPI) license for digital payment token (DPT) services by the Monetary Authority of Singapore (MAS). The announcement comes after Crypto.com received its in-principle approval from MAS in June 2022. With the MPI license, Crypto.com is now authorized to offer its DPT services to customers in Singapore. The Monetary Authority of Singapore serves as Singapore’s central bank and primary financial regulatory authority. It is responsible for overseeing and implementing legislation related to money,…
Read MoreCrypto.com joins ranks of licensed payment institutions in Singapore
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