Coinbase Gets Major License to Expand Crypto Services in Singapore

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

cointelegraph.com

Relevant topic timeline:

9/8/2023

Coinbase Shifts Focus Abroad Amid Murky US Crypto Rules

Crypto exchange Coinbase plans to focus on non-U.S. markets, including the European Union, the United Kingdom, Canada, Brazil, Singapore, and Australia, due to their clearer crypto laws, as it seeks to expand its operations and establish partnerships with global and local banks and payment providers while ensuring compliance with governance systems. The company also aims to intensify its lobbying and visibility efforts ahead of the EU elections and engage with the G20 to create global crypto standards.

9/25/2023

Coinbase Registers with Spanish Regulator to Offer Crypto Services Under New EU Rules

Crypto exchange Coinbase has registered with the central bank of Spain, making it mandatory for the company to comply with anti-money laundering standards and paving the way for implementation of the European Union's MiCA regulation in 2024.

10/4/2023

Ripple Receives Full License to Operate in Singapore, Expands Presence in Asia-Pacific

Ripple has obtained a major payments institution license in Singapore, allowing it to continue providing regulated crypto payment services in the Asia-Pacific region, which is one of its fastest-growing markets.

10/4/2023

Ripple Secures Major Payments License in Singapore, Bolstering Asia Pacific Presence

Ripple's Singapore arm has obtained a license as a major payments institution from the Monetary Authority of Singapore, allowing it to continue offering digital payment token services in the region, while also winning a significant victory against the U.S. Securities and Exchange Commission in its legal battle.

10/16/2023

Upbit Singapore Receives Initial Approval for Local Crypto License from Singapore's Central Bank

Upbit Singapore has received initial approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), allowing it to provide digital payment token services to institutional investors while awaiting its full license.

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Posted 10/2/2023, 8:07:32 AM

Coinbase Gets Major License to Expand Crypto Services in Singapore

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

cointelegraph.com

Relevant topic timeline:

9/8/2023

Coinbase Shifts Focus Abroad Amid Murky US Crypto Rules

9/25/2023

Coinbase Registers with Spanish Regulator to Offer Crypto Services Under New EU Rules

10/4/2023

Ripple Receives Full License to Operate in Singapore, Expands Presence in Asia-Pacific

10/4/2023

Ripple Secures Major Payments License in Singapore, Bolstering Asia Pacific Presence

10/16/2023

Upbit Singapore Receives Initial Approval for Local Crypto License from Singapore's Central Bank