Posted 3/6/2024, 8:00:00 AM
Bitstamp Becomes First Major EU Crypto Exchange to Get Regulatory Nod in Singapore
- European cryptocurrency exchange Bitstamp has earned in-principle approval for a Major Payment Institution (MPI) license in Singapore
- The license will allow Bitstamp to offer digital payment token services in Singapore
- Bitstamp will be the first major EU crypto exchange to secure regulatory approval in Singapore
- The last crypto exchange to obtain full licensing in Singapore was Upbit in January
- In Singapore, Bitstamp will focus on serving financial institutions and intermediaries
