Singapore Welcomes Bitstamp Into Regulated Sphere
Bitstamp, a prominent crypto trading platform, has been granted in-principle approval by the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution in Singapore.
This move is a significant step towards Bitstamp’s goal of providing digital payment token services in the city-state and brings the exchange closer to obtaining a full operational license.
The approval signifies Bitstamp’s commitment to regulatory compliance and enhancing its service offerings in the Asian market, as well as its potential to play a pivotal role in Singapore’s digital assets ecosystem.
(With inputs from Shikha Singh)
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