Ripple receives Singapore’s Large Payment Institution License

Foresight_News · 2023-10-04T02:23:00.000Z

According to Foresight News, according to CoinDesk, Ripple’s Singapore branch has been issued a Large Payment Institution License (MPIL) from the Monetary Authority of Singapore (MAS), allowing it to continue to provide digital payment token services in the region. Ripple previously received in-principle approval in June.

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Foresight_News

According to Foresight News, CoinDesk reported that Ripple's Singapore branch has obtained a large payment institution license (MPIL) from the Monetary Authority of Singapore (MAS), enabling it to continue to provide digital payment token services in the region. Previously, Ripple received in-principle approval in June.

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