Circle Receives Payment Institution License in Singapore, Opening Doors to Asian Market

Circle, a leading cryptocurrency company, has obtained a Major Payment Institution license from the Monetary Authority of Singapore (MAS). This license allows Circle Singapore to provide digital payment token services, cross-border and domestic money transfers within Singapore. The license also permits the operation of the Circle Account, providing institutional customers access to USDC, the second-largest stablecoin worldwide. Circle's move into Asia is a strategic response to growing regulatory scrutiny on crypto firms in the United States, highlighting the progress of regulated digital currencies in Singapore and the wider Asian region.#BinanceTournament #bitcoinbutton #dyor #BTC #BNB