OKX Receives In-Principle Approval For Payment License
OKX secures in-principle approval for a Major Payment Institution License in Singapore, paving the way for expanded services in Singapore. The financial authority of Singapore has granted OKX, a cryptocurrency exchange, in-principle approval for a Major Payment Institution (MPI) license via its local subsidiary, OKX SG. OKX claimed to have obtained preliminary approval for the […]
Coinbase Enables USD SWIFT Transfers in Singapore
Coinbase has introduced USD transfers via the SWIFT network in Singapore, thereby facilitating the conversion of fiat to cryptocurrency. Coinbase, a cryptocurrency exchange listed on the Nasdaq, has introduced United States Dollar (USD) remittances to Singapore as part of its expansion. The exchange announced that USD transfers between retail accounts are now possible via the […]
Standard Chartered Unit Introduces Libeara for Asset Tokenization
With an inventive Singapore-dollar bond fund and strategic alliances, Libeara by Standard Chartered is the frontrunner in asset tokenization. SC Ventures, the forward-thinking investment division of Standard Chartered Bank, has recently introduced Libeara, an asset accessibility-redefining tokenization platform. Established as an independent entity headquartered in Singapore, Libeara represents a substantial progression in the digital asset […]
Ripple Obtains MPI License in Singapore
Ripple lauded Singapore’s regulatory environment for allowing it to offer all crypto token services in the nation. Obtains an MPI license. On the same day the U.S. court denied SEC’s motion for an interlocutory appeal, Ripple received in-principle approval from the Central Bank of Singapore for its Major Payments Institution (MPI) license. Ripple is pleased […]
Coinbase Obtains MPI License From MAS Singapore
Coinbase’s acquisition of the MPI license in Singapore is a key accomplishment that will significantly boost the country’s Web3 market. In a significant development, the Monetary Authority of Singapore (MAS), the country’s central bank, issued Coinbase the Major Payment Institution (MPI) license. This occurs at a time when Singapore’s crypto regulatory developments are in full […]