Coinbase, the largest cryptocurrency exchange in the USA, has managed to obtain an important license from Singapore, one of the countries with the most difficult regulatory conditions.
to Coinbase has the toughest regulatory requirements from Singapore, one of the countries full-fledged license output. In the official announcement, Coinbase was transferred from the Monetary Authority of Singapore (MAS). Major Payment Institution (MPI) It was stated that he received the license.
According to the statement, thanks to this license, Coinbase individual And institutional to investors digital payment token will be able to offer services:
This development, following our initial in-principle approval, strengthens our commitment to the Singapore market and paves the way for us to provide Digital Payment Token services to both retail and institutional investors in Singapore.
Coinbase is also its banking partner in Singapore. Standard Chartered happened. Exchange, PayNow And FAST stablecoin as well as simple account funding options including bank transfers USD Coin (USDC) to meet the demands from its customers by offering free purchases a wide range of He stated that they would present it.
Coinbase also for Singapore specially designed product developed and launched and recruitment programs in the country He said he would.
Manager of Coinbase Singapore Hassan Ahmed In his statement on the issue, he stated that Singapore responded to the US’s stance. constructive attitude while highlighting the regulatory clarity that may result positive gave the results:
This license demonstrates our commitment to the market and marks the end of our licensing journey. Our experience in Singapore contrasts in some ways with what is happening in the United States. By providing this level of regulatory clarity and providing clear rules that the industry must follow, that’s really important to us as we think about our international strategy.
Singapore recently acquired the MPI license from stablecoin issuers. circlecryptocurrency exchanges blockchain.com and to Crypto.com He also gave.