ChainCatcher news, according to official sources, Singaporean crypto investment firm QCP Capital's over-the-counter spot trading division QCP Trading has announced that it has received in-principle approval (IPA) for a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS). This approval will allow QCP Trading to prepare for providing regulated digital payment token spot trading services.

ChainCatcher news, QCP Trading has received in-principle approval for a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore. This approval marks an important step for QCP Trading towards formal licensing, enabling it to prepare to offer regulated digital currency spot trading services.

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, OKX announced that its Singapore subsidiary OKX SG has obtained a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS). At the same time, OKX appointed former MAS official Gracie Lin as the CEO of its Singapore regional branch. According to OKX's press release, this license allows OKX SG to provide digital payment token and cross-border remittance services, including cryptocurrency spot trading for Singapore investors. Lin previously worked at MAS, Singapore's sovereign wealth fund GIC, and ride-hailing giant Grab, and she plans to focus on developing crypto products and services tailored to the needs of Singapore investors. In March of this year, OKX received a "principle" MPI license from MAS. OKX President Hong Fang stated at that time that Singapore is the "priority market" for the digital asset exchange.

ChainCatcher news, digital asset solution infrastructure provider BitGo announced on X that it has obtained a major payment institution license issued by the Monetary Authority of Singapore.BitGo can now offer regulated digital payment token services in Singapore. Customers will be able to buy and sell digital assets under the security of the insured cold storage custody solution established in BitGo's Tier III vault.

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, the blockchain financial institution XREX Singapore, which specializes in cross-border payments in emerging markets, announced that it has obtained a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS). Previously, the company received in-principle approval from the Monetary Authority of Singapore last November.

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 news, according to Techinasia, digital broker Moomoo Financial Singapore has received in-principle approval for a major payment institution license from the Monetary Authority of Singapore (MAS).It is reported that after obtaining the official license issued by the Monetary Authority of Singapore, the investment platform will provide digital token services to its users.

ChainCatcher news, according to Cointlegraph, Upbit Singapore has received in-principle approval for a Major Payment Institution (MPI) license in Singapore, allowing it to continue providing digital payment token services to institutional investors while awaiting full licensing.

ChainCatcher news, according to CoinDesk, Ripple's Singapore branch has received a Major Payment Institution License (MPIL) from the Monetary Authority of Singapore (MAS), allowing it to continue providing digital payment token services in the region. Previously, Ripple received in-principle approval in June.

ChainCatcher news, according to Cointelegraph, Swiss cryptocurrency bank Sygnum's subsidiary Sygnum Singapore has obtained a Major Payment Institution License (MPIL) issued by the Monetary Authority of Singapore (MAS), allowing it to provide cryptocurrency brokerage services to qualified investors and institutions in Singapore.A spokesperson for Sygnum Singapore revealed in an interview with Cointelegraph that the company's license transitioned from in-principle approval to a full license within four months.

ChainCatcher news, according to The Block, cryptocurrency market maker GSR's Singapore subsidiary GSR Markets has received in-principle approval for a Major Payment Institution Licence issued by the Monetary Authority of Singapore (MAS).According to a statement, this will help GSR deepen its roots in the Singapore market and view it as a hub for investing in and promoting the adoption of web3 technology. GSR expressed pride in meeting the MAS entry requirements and is working towards obtaining a full license in Singapore.

ChainCatcher news, Coinbase officially stated that Coinbase Singapore has obtained the Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore. Coinbase will develop and launch products tailored specifically for Singapore and will conduct training and recruitment programs at its Singapore technology center.

ChainCatcher news, cryptocurrency financial services company Blockchain.com has obtained a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS), allowing Blockchain.com to provide regulated Digital Payment Token (DPT) services to its global institutional and qualified investor clients.

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)

ChainCatcher news, the issuer of the US dollar stablecoin USDC, Circle, announced that its subsidiary Circle Singapore has obtained the Major Payment Institution (MPI) license approved by the Monetary Authority of Singapore, allowing the institution to provide digital payment token services as well as cross-border and domestic remittance services in Singapore.It is reported that Circle Singapore officially opened its office in May 2023, and in November 2022, Circle Singapore received the in-principle approval for the Major Payment Institution license from MAS. (Source link)

ChainCatcher news, according to CoinDesk, Brazil's largest crypto exchange Mercado Bitcoin has received a payment institution license from the Central Bank of Brazil this Friday, and is now authorized to operate as an electronic money issuer.Mercado Bitcoin CEO Roberto Dagnoni stated that the exchange plans to offer financial services that combine cryptocurrencies with traditional financial services, and aims to launch a crypto payment card in the coming months. (Source link)