The Monetary Authority of Singapore has granted an “in-principle approval” under the Payment Services Act to cryptocurrency exchange Independent Reserve, allowing it to operate as a regulated provider for Digital Payment Token services.
It’s one of the first virtual asset service providers to obtain an in-principle approval letter for a Major Payment Institution License in Singapore, according to a statement from the company.
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August 02, 2021 at 09:35PM
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Crypto Exchange Gets Singapore Nod on Digital Token Services - Bloomberg
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