CoinVoice has recently learned that on October 2, according to The Block, GSR Markets, a Singapore subsidiary of crypto market maker GSR, has obtained in-principle approval for a major payment institution license issued by the Monetary Authority of Singapore.

According to a statement, this will help GSR deepen its roots in the Singapore market and see it as a hub for investment and driving adoption of web3 technology in Singapore. GSR said it is proud to meet the MAS's entry requirements and is working towards obtaining a full license in Singapore. [Original link]