Circle, the issuer of USD Coin (USDC), has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).
Circle has received a major payment agency license from Singapore’s regulator, MAS, one of the toughest regulatory countries.
by company June 7 Circle, with the license obtained according to the press release published on Circle Account in Singapore through products such as crypto services, in-border And cross border local currency transfer had the opportunity to provide services.
Circle is a responsible digital agent of the company. financial technology (FinTech) as a company strong reputation he emphasized. The company also turning point is, Singapore And Asia in the region transparent And Trustworthy digital dollar tokens the future thrown for that you represent my name expressed.
company CEO Jeremy Allaire from obtaining an MPI license that they are honored and within the country developing the fintech industry by enlivening And employment by providing Singapore economy One Part of it to be decisive stated that they were. CEO of Singapore Circle to your future He said the following about the effects:
Singapore is an integral part of Circle’s global expansion and mission to promote global well-being through easy value transfer.
Popular cryptocurrency exchange Crypto.com for digital payment token (DPT) from Singapore Major Payment Institution (MPI) announced that he had obtained the license.