ChainCatcher news, Matrixport announced that its Singapore subsidiary Fly Wing Technologies Pte Ltd ("Fly Wing") has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).It is reported that Fly Wing's clients include cryptocurrency miners, trading firms from both the crypto and traditional finance sectors, investment companies, and high-net-worth individuals. The company facilitates over $100 million in over-the-counter transactions each month and provides liquidity for fiat and mainstream cryptocurrency deposit and withdrawal services.

ChainCatcher news, the South Korean cryptocurrency exchange Upbit Singapore has obtained a Major Payment Institution license issued by the Monetary Authority of Singapore (MAS), allowing Upbit Singapore to expand its digital asset business standards under Singapore's regulations.Previously, it was reported that Upbit Singapore received in-principle approval for the Major Payment Institution license from the Monetary Authority of Singapore (MAS). Upbit Singapore will join the regulated digital asset exchange group operated by Upbit APAC. Upbit APAC includes regulated digital asset exchanges in Indonesia and Thailand.

ChainCatcher message, Ripple announced that the Monetary Authority of Singapore has in principle approved Ripple's application for a major payment institution license, which will allow Ripple Markets APAC Pte Ltd (Ripple's business branch in Singapore) to offer regulated digital payment token products and services. (Source link)