1. BITBILIHome
  2. Article

Crypto.com now a licensed payment provider in Singapore

• 20 views

TL;DR Breakdown

  • Crypto.com has secured a Major Payment Institution (MPI) license for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS).
  • This license permits Crypto.com to continue to provide its DPT services to Singapore-based customers, strengthening its position in the market.
  • The company’s CEO and General Manager, Singapore express commitment to safety, security, consumer protection, and continued collaboration with MAS.

As a pioneering figure in the blockchain revolution, Crypto.com is surging ahead once again. In a strategic expansion of its services in Singapore, the renowned cryptocurrency platform has successfully secured the Major Payment Institution (MPI) license for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS).

This milestone fortifies Crypto.com’s stronghold in the crypto-verse, ensuring that it continues to serve its user base in Singapore unimpeded.

A Leap Forward in the Home Market

The reception of this license isn’t merely a step forward in regulatory compliance, but a sign of Crypto.com’s commitment to the future of digital assets in Singapore.

As Kris Marszalek, CEO of Crypto.com, pointed out, the granting of this license is a testament to their unwavering resolve to lead the crypto-charge in their home market.

He said, “We are proud to receive the license from a regulator that prioritizes consumer protection, safety, and security. We look forward to continuing to collaborate with MAS and leading at the forefront of crypto in our home market of Singapore.”

The company has been duly recognized by the MAS, a regulator globally renowned for its dedication to fostering responsible digital assets innovation.

The attainment of this license speaks volumes about Crypto.com’s commitment to these shared principles, including consumer protection, safety, and security.

Crypto.com deepening roots in Singapore’s blockchain landscape

This development has been met with equally positive sentiments from other members of the Crypto.com team. Chin Tah Ang, General Manager, Singapore, believes that the Major Payment Institution license is reflective of their unyielding dedication to work within the Singapore Web3 community.

“Singapore continues to be a hub for blockchain and fintech innovation,” Ang said. “The Major Payment Institution license underscores our ongoing commitment to build with the Web3 community in Singapore.”

Today’s announcement builds on Crypto.com’s impressive regulatory track record. Since its inception in 2016, the company has secured regulatory approval from prominent financial authorities in the UK, France, South Korea, Dubai, Australia, Italy, Greece, Cyprus, and the Cayman Islands, among others.

It has also received pre-registration undertakings with the Ontario Securities Commission and Canada Securities Administrators. With a loyal customer base of over 80 million worldwide, Crypto.com continues to live up to its vision: Cryptocurrency in Every Wallet.

Through its commitment to innovation and empowerment, Crypto.com is accelerating the adoption of cryptocurrency and fostering the creation of a more equitable digital ecosystem.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Crypto.com now a licensed payment provider in Singapore

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年6月5日 00:11
Next 2023年6月5日 02:36

Related articles

  • China could surpass the US: Yuan will never surpass USD

    TL;DR Breakdown China might become the world’s largest economy by 2030, but the US dollar will likely retain its global dominance. Historical trends suggest a gradual transition, not a sudden shift in the leading currency. A “tripolar” currency system may emerge with the dollar, euro, and yuan sharing dominance. Description While China is making formidable strides towards potentially becoming the world’s largest economy by 2030, a shift in currency dominance isn’t necessarily part of that equation. Akin to the historic transition when the United States overtook Great Britain, the greenback isn’t likely to abdicate its throne as the globe’s principal currency anytime soon, even with … Read more While China is making formidable strides towards potentially becoming the world’s largest economy by 2030, a shift in currency dominance isn’t necessarily part of that equation. Akin to the historic transition when the United States overtook Great Britain, the greenback isn’t likely to abdicate its throne as the globe’s principal currency anytime soon, even with the rising dragon. The unfaltering greenback in the global economy Indeed, the future may hold a partial…

    Article 2023年6月21日

  • Vitalik Buterin sells MakerDAO stake following CEO Rune Christensen’s Solana proposal

    TL;DR Breakdown MakerDAO CEO Rune Christensen proposes a long-term vision for the project, suggesting a transition to a new blockchain potentially forked from Solana. Following the announcement, Ethereum co-founder Vitalik Buterin sold his remaining stake of 500 MakerDAO tokens for about $580,000 in ETH. Description In a recent blog post, Rune Christensen, the co-founder and CEO of MakerDAO, outlined the project’s long-term vision, which includes a significant shift in its underlying technology. Christensen proposed that MakerDAO could be re-implemented on a new blockchain called NewChain. This new blockchain could be forked from the Solana codebase, a move that would mark … Read more In a recent blog post, Rune Christensen, the co-founder and CEO of MakerDAO, outlined the project’s long-term vision, which includes a significant shift in its underlying technology. Christensen proposed that MakerDAO could be re-implemented on a new blockchain called NewChain. This new blockchain could be forked from the Solana codebase, a move that would mark a significant departure from MakerDAO’s current Ethereum-based architecture. Christensen cited three reasons for considering Solana as a viable option for NewChain. First,…

    Article 2023年9月3日

  • San Francisco Federal Reserve Seeks Crypto Architect for CBDC Project Amid Controversy

    TL;DR Breakdown The Federal Reserve Bank of San Francisco is actively hiring a crypto architect to research and develop a Central Bank Digital Currency (CBDC). The possibility of a CBDC has ignited a fierce debate, with opponents citing concerns about privacy and government control. Description The Federal Reserve Bank of San Francisco has made headlines with its recent job posting for a crypto architect to work on a Central Bank Digital Currency (CBDC) project. This move comes amidst the ongoing debate surrounding the potential introduction of a digital version of the U.S. dollar. As the Fed seeks to explore the … Read more The Federal Reserve Bank of San Francisco has made headlines with its recent job posting for a crypto architect to work on a Central Bank Digital Currency (CBDC) project. This move comes amidst the ongoing debate surrounding the potential introduction of a digital version of the U.S. dollar. As the Fed seeks to explore the benefits and costs of this emerging technology, it has formed a team of crypto developers to research and develop CBDC systems. However,…

    Article 2023年7月24日

  • MakerDAO co-founder proposes a Solana fork for NewChain development

    TL;DR Breakdown Rune Christensen, co-founder of MakerDAO, has proposed using a fork of Solana’s codebase to develop MakerDAO’s upcoming native chain, NewChain, as part of its “Endgame” upgrade. The proposal cites Solana’s technical quality, resilience, and successful past forks as key reasons for considering it over Ethereum, MakerDAO’s current platform. If the community approves the proposal, it could mark a significant strategic shift for MakerDAO and potentially impact the broader DeFi ecosystem Description Rune Christensen, the co-founder of MakerDAO, proposed a significant shift in the project’s technological foundation. Christensen suggested that MakerDAO’s upcoming native chain, known as “NewChain,” should be developed using a fork of Solana’s codebase rather than the Ethereum Virtual Machine (EVM). This proposal comes despite MakerDAO’s long-standing association with Ethereum. The rationale behind the proposal … Read more Rune Christensen, the co-founder of MakerDAO, proposed a significant shift in the project’s technological foundation. Christensen suggested that MakerDAO’s upcoming native chain, known as “NewChain,” should be developed using a fork of Solana’s codebase rather than the Ethereum Virtual Machine (EVM). This proposal comes despite MakerDAO’s long-standing association with…

    Article 2023年9月3日

  • The surprising surge: What’s driving Litecoin’s price today?

    TL;DR Breakdown Litecoin’s price is on a surge, mainly driven by the upcoming block reward halving in August, which will reduce the mining reward from 12.5 LTC to 6.25 LTC. The crypto’s recent listing on the institutional exchange EDX Markets and a positive market reaction to BlackRock’s Bitcoin ETF filing have also boosted its price. Description In a surprising turn of events, Litecoin is on a winning streak. Defying market trends, its value has taken an upward surge, and the cryptocurrency world is abuzz with speculation. But what exactly has set the wheels in motion for Litecoin’s current rally? Let’s explore the undercurrents driving this surge. Hyped halving and the bullish … Read more In a surprising turn of events, Litecoin is on a winning streak. Defying market trends, its value has taken an upward surge, and the cryptocurrency world is abuzz with speculation. But what exactly has set the wheels in motion for Litecoin’s current rally? Let’s explore the undercurrents driving this surge. Hyped halving and the bullish bias The impending block reward halving in August seems to be…

    Article 2023年7月5日
TOP