Coinbase, the crypto exchange operator, was granted a key license in Singapore.
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The news comes with Coinbase locked in a bitter dispute with regulators in the United States, its home market. The U.S. Securities and Exchange Commission“This license enshrines our commitment to the market and marks the end of our licensing journey,” said Hassan Ahmed, the country director of Coinbase Singapore, in an interview.
The company said it has tailored its products to meet local demands by rolling out simple account funding options — including PayNow and FAST bank transfers — as well as fee-free purchases of USDC, the stablecoin.
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