Stablecoin issuer Circle received an in-principle licence from Singapore to offer payment products, the same day Paxos received a similar licence. nikhileshde reports.
Stablecoin issuer Circle has received an in-principle license from the Monetary Authority of Singapore , allowing it to operate as a payments company in the country.
Circle, which sought a Major Payments Institution License from the Singapore central bank, can now offer cross-border and domestic payment services, according to a press release. The company, which is behind the USDC stablecoin, can also offer token products. Dante Disparte, Circle's chief strategy officer and head of public policy, said in a statement that the license will let the company"demonstrate the potential of digital currencies [and] open payment systems.""We are honored to receive the in-principle license, and we look forward to more collaborations with MAS to support the thriving crypto and blockchain ecosystem as well as the advancement of fintech innovation in Singapore," he said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Stablecoin Issuer Paxos Receives Operating License From Singapore RegulatorNEW: PaxosGlobal has secured an operating license in Singapore, allowing the stablecoin issuer to offer services to local businesses. nikhileshde reports
Consulte Mais informação »
Broncos Fans' Top Tweets About Russell Wilson's Prayer After Win Over JagsHeavenly or cringe-worthy? Here's how Twitter reacted.
Consulte Mais informação »
Musk’s inner circle worked through weekend to cement Twitter layoff plansMembers of Elon Musk’s inner circle huddled with Twitter’s remaining senior executives throughout the weekend, conducting detailed discussions regarding the site’s approach to content moderation, as well as plans to lay off 25 percent of the workforce.
Consulte Mais informação »
Elon Musk Is Forming Circle of Advisers as He Reimagines TwitterElon Musk is quickly forming a group of advisers, investors and employees from elsewhere in his business empire to help reimagine Twitter in his first days as its new owner
Consulte Mais informação »