Coinbase Gets Major License to Expand Crypto Services in Singapore
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Coinbase obtained Major Payment Institution (MPI) license from Monetary Authority of Singapore (MAS)
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License enables Coinbase to expand digital payment token services in Singapore
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Comes one year after initial in-principle approval for Coinbase in Singapore
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Coinbase has launched services like PayNow, FAST transfers, and SingPass integration in Singapore
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Singapore seen as vital market with over 700 Web3 companies and 30% of people owning crypto
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