South Korean cryptocurrency exchange Upbit has obtained in-principle approval for a Major Payment Institution (MPI) license in Singapore. Upbit Singapore, the exchange's entity in the city-state, joins other prominent cryptocurrency firms such as Coinbase, Ripple, GSR, and Sygnum Bank in receiving licensing approval from the Monetary Authority of Singapore (MAS). This approval allows Upbit to offer digital payment token services in Singapore, further expanding its presence in the region's crypto market. Upbit's successful licensing application highlights the growing interest and recognition of cryptocurrency exchanges in Singapore's regulatory framework.
South Korean crypto exchange Upbit has secured an in-principle approval (IPA) from the Singapore regulator, the MAS https://t.co/dK6ig3QNh0
South Korean leading crypto exchange Upbit has received in-principle approval to offer digital payment token services in Singapore https://t.co/QeDfgxq8aq
South Korean leading crypto exchange Upbit has received in-principle approval to offer digital payment token services in Singapore https://t.co/NOaD5udVpM
South Korean leading crypto exchange Upbit has received in-principle approval to offer digital payment token services in Singapore https://t.co/3K4kJtx1yc
Upbit Singapore secures provisional license for local digital assets biz https://t.co/SVlZFfBGte
Upbit obtains initial approval for digital asset license in Singapore https://t.co/02bhKrPq9W
Upbit, South Korea’s largest exchange, announced that Upbit Singapore has received in-principle approval for a Major Payments Institution (MPI) license in Singapore. In October, the Singapore entities of Coinbase, Ripple, GSR and Sygnum Bank all received MAS licensing approval,… https://t.co/6wPElSOwUJ
Upbit Singapore, the South Korean exchange’s entity in the city-state, has scored in-principle approval for a Major Payment Institution (MPI) license in Singapore. https://t.co/yeLwnb4HVV