{"id":51142,"date":"2023-06-01T10:14:44","date_gmt":"2023-06-01T14:14:44","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=51142"},"modified":"2023-06-01T10:18:20","modified_gmt":"2023-06-01T14:18:20","slug":"crypto-com-gets-singapore-license-for-dpt-services","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/crypto-com-gets-singapore-license-for-dpt-services\/","title":{"rendered":"Crypto.com Gets Singapore License for DPT Services"},"content":{"rendered":"\n

Crypto.com has secured a Major Payment Institution (MPI) license for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS).<\/a><\/p>\n\n\n\n

\"Crypto.com<\/figure>\n\n\n\n

This license will enable Crypto.com to continue offering its DPT services, including e-money issuance, account issuance, and money transfers, to customers in Singapore.

MAS grants the MPI license as\u00a0regulatory approval to provide\u00a0payment services in Singapore. The MAS is a globally recognized regulator that ensures responsible innovation in the digital asset sector and protects consumers, safety, and security.<\/p>\n\n\n\n

The MPI license encompasses various payment services, including DPT services, which involve dealing in or facilitating the exchange of cryptocurrencies and non-fungible tokens (NFTs). <\/p>\n\n\n\n

Any\u00a0holder of an MPI license<\/a> must also comply with stringent anti-money laundering and counter-terrorism financing regulations.<\/p>\n\n\n\n

The Future of Digital Assets in Singapore<\/h3>\n\n\n\n

The MPI license is a sign of Crypto.com\u2019s commitment to its home market in Singapore, which has operated since 2016. <\/p>\n\n\n\n

Kris Marszalek, CEO of Crypto.com, stated: <\/p>\n\n\n\n

\n

\u201cWe are proud to receive the license from a regulator that prioritizes consumer protection, safety, and security. We look forward to continuing to collaborate with MAS and leading at the forefront of crypto in our home market of Singapore.\u201d<\/p>\n<\/blockquote>\n\n\n\n

The MPI license also reflects Crypto.com\u2019s commitment to the shared principles of the MAS, including consumer protection, safety, and security. <\/p>\n\n\n\n

General Manager of Crypto.com Chin Tah Ang stated, <\/p>\n\n\n\n

\n

\u201cSingapore continues to be a hub for blockchain and fintech innovation. The Major Payment Institution license underscores our ongoing commitment to build with the Web3 community in Singapore.\u201d<\/p>\n<\/blockquote>\n\n\n\n

The MPI license will enable Crypto.com to continue to offer its DPT services to customers in Singapore, including e-money issuance, account issuance, and money transfers. <\/p>\n\n\n\n

This will give users more options and ease of crypto and NFT market access.<\/p>\n\n\n\n

The MPI license will also enhance Crypto.com\u2019s reputation as a trusted and secure platform for trading or facilitating the exchange of cryptocurrencies and NFTs. <\/p>\n\n\n\n

This will attract more users and investors who value regulatory compliance and consumer protection.<\/p>\n\n\n\n

This license\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> will also support Crypto.com\u2019s vision of Cryptocurrency in Every Wallet\u2122<\/strong>. Through its commitment to innovation and empowerment, Crypto.com is accelerating cryptocurrency adoption and fostering a more equitable digital ecosystem.<\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto.com has secured a Major Payment Institution (MPI) license for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS). This license will enable Crypto.com to continue offering its DPT services, including e-money issuance, account issuance, and money transfers, to customers in Singapore. MAS grants the MPI license as\u00a0regulatory approval to provide\u00a0payment services […]<\/p>\n","protected":false},"author":44,"featured_media":51144,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[1360,12006,931],"class_list":["post-51142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-crypto-com","tag-dpt-service","tag-singapore"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/crypto.com-.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/51142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=51142"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/51142\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/51144"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=51142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=51142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=51142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}