The Singaporean entity for Upbit, South Korea’s largest exchange by volume, has received in-principle approval for its crypto-services licences from the Monetary Authority of Singapore.
The Singapore entity for Upbit, South Korea’s largest exchange by volume, has been given in-principal approval for a Major Payment Institution license in Singapore.the Monetary Authority of Singapore gave the in-principle license nod, allowing it to continue with digital payment token services to institutional investors while awaiting its full license.
Upbit Singapore founder and CEO Alex Kim said in a statement that the firm was founded in 2018 but called the recent approval a strategic milestone for it to deepen its local presence.Azman Hamid, the firm’s compliance chief, said the approval reflects its commitment to building its businesses in Singapore. “We will contribute to further establish Singapore as the leading hub for the next generation of financial businesses,” he added.
In October alone, the Singaporean entities for Coinbase, Ripple and Sygnum Bank all received license approvals from MAS — pushing theMeet the guerilla artist who staged a crypto ‘rug pull’ in front of the SEC
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Yellen: met with South Korean finance minister, looking forward to trilateral with JapanU.S. Treasury Secretary Janet Yellen on Friday said she met with South Korean Finance Minister Choo Kyung-ho, and looked forward to a trilateral meeting with Japan's finance minister.
Consulte Mais informação »
10 Best Korean War Movies Of All Time, RankedThere are plenty of great movies about the Korean War, but ranking the best 10 ever requires going back through decades of fantastic movies.
Consulte Mais informação »
Joseon Blockchain Ecosystem Introduces First-Ever Virtual Nation-StateJoseon, eccentric decentralized project, is nonterritorial successor state to Korean empire of 14-19th centuries
Consulte Mais informação »
Korea Box Office: ‘Love Reset’ Wins WeekendThe South Korean box office remains stuck at depressed levels, allowing 'Love Reset' to increase its market share against weak competition.
Consulte Mais informação »