🎉 Good news for Ripple fans! Ripple's subsidiary in Singapore, Ripple Markets APAC Pte Ltd, succeeded in obtaining a payment license from the Monetary Authority of Singapore (MAS) without transaction restrictions. This is an important milestone for Ripple to provide regulated digital payment token services in Singapore. 🇸🇬
The following is a summary of the news:
- Ripple obtains principal approval for Major Payments Institution (MPI) license from MAS;
- Just 4 months later, Ripple received full approval and MPI license for digital payment token services;
- Ripple CEO Brad Garlinghouse is proud of this achievement and grateful for Singapore's support;
- Ripple is now one of 15 entities with such a license, including local branches of Coinbase, Independent Reserve and Blockchain.com.
Singapore has become a global leader in digital asset regulation, supporting innovation while safeguarding consumer protection and responsible growth. With a conducive environment for fintech and digital assets, Singapore is becoming an attractive hub for businesses and financial institutions adopting crypto and blockchain technology.
What do you think about Ripple's achievements? Will this have a positive impact on the crypto market in Asia Pacific? Come on, discuss it in the comments column! 😄
The following is a summary of the news:
- Ripple obtains principal approval for Major Payments Institution (MPI) license from MAS;
- Just 4 months later, Ripple received full approval and MPI license for digital payment token services;
- Ripple CEO Brad Garlinghouse is proud of this achievement and grateful for Singapore's support;
- Ripple is now one of 15 entities with such a license, including local branches of Coinbase, Independent Reserve and Blockchain.com.
Singapore has become a global leader in digital asset regulation, supporting innovation while safeguarding consumer protection and responsible growth. With a conducive environment for fintech and digital assets, Singapore is becoming an attractive hub for businesses and financial institutions adopting crypto and blockchain technology.
What do you think about Ripple's achievements? Will this have a positive impact on the crypto market in Asia Pacific? Come on, discuss it in the comments column! 😄