Receives In-Principle Approval from the Monetary Authority of Singapore

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Key Takeaways

  • to tap into the fintech market of Singapore. 
  • The firm is willing to continue collaborating with the MAS. 

One of the world’s fastest-growing cryptocurrency platforms, is planning to strengthen its roots in Singapore. The platform announced today that they have received in-principle approval from the Monetary Authority of Singapore (MAS)  regarding its Major Payment Institution License. 

The approval of the same will allow to offer a variety of payment services within the Payment Services Act, including the Digital Payment Token (DPT) services to customers in Singapore. 

The Co-Founder and CEO of, Kris Marszalek, “The Monetary Authority of Singapore sets a high regulatory bar that cultivates innovation while  protecting consumers, and their in-principle approval of our application reflects the trusted and  secure platform we have worked diligently to build.” 

He further says that he is looking forward to collaborating with the MAS as the market in Singapore for fintech innovation is known for its “well-regulated business environment.” 

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Shreya Bhattacharya
Shreya Bhattacharya

A journalist & writer exploring new topics every day!

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