Sygnum Receives Major Payment License in Singapore, Plans Expansion of Crypto Services in Asia Pacific
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Sygnum Singapore received a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS).
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The license allows Sygnum Singapore to offer digital payment token trading services to accredited investors and institutions.
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Sygnum Singapore plans to expand its regulated crypto offerings to Asia-Pacific markets like Hong Kong.
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The MPI license enables Sygnum Singapore to provide crypto services without transaction limits.
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Coinbase also recently received approval for an MPI license from MAS in Singapore.