Crypto Market Maker GSR Receives Major License from Singapore's Central Bank
• GSR, a crypto market maker, received a Major Payment Institution license from the Monetary Authority of Singapore (MAS) • The license authorizes GSR to buy and sell "digital payment tokens" (crypto) in Singapore • GSR first received in-principal approval for the license from MAS in September • Recently, GSR appointed a former JP Morgan executive, Andreas Koukorinis, as its new head of trading • The license comes as Singapore expands licensing to include more crypto services like custody and cross-border transfers