ChainCatcher news, HashKey Group's over-the-counter trading department HashKey OTC has announced that it has obtained a major payment institution license from the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019. HashKey OTC has now begun offering compliant digital payment token (DPT) services, further consolidating its leading position in the Singapore market.Li Liang, CEO of HashKey OTC, stated: "With the approval of the major payment institution license from MAS, HashKey OTC will provide comprehensive, regulated over-the-counter trading solutions for digital payment tokens in the future."

ChainCatcher news, HashKey Group's over-the-counter trading department Hashkey OTC has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license.HashKey OTC is currently operating under a license exemption for providing digital payment token services within the stipulated timeframe, serving institutions and qualified investors. The scope of services includes spot trading for nearly 40 types of digital payment tokens, deposit and withdrawal services, large transactions, the fastest T+0 settlement, and customer service provided through voice and instant messaging.