Receives Payment License from MAS in Singapore

Introduction, a leading cryptocurrency wallet provider, has been granted a Payment Services license by the Monetary Authority of Singapore (MAS). The license will allow the company to offer payment services to customers in Singapore, further expanding its reach in the Asia-Pacific region.’s Expansion in Singapore

The Payment Services license granted by MAS will enable to provide a range of payment-related services, including the buying and selling of cryptocurrencies, fiat-to-crypto conversions, and merchant services. The license will also allow the company to issue and accept e-money, providing its customers with greater flexibility in managing their digital assets.

This marks a significant milestone for, as it expands its presence in the rapidly growing cryptocurrency market in Singapore. The company has already established a strong foothold in the region, with its platform being used by thousands of customers to securely store and manage their digital assets.

The Growing Importance of Singapore in the Cryptocurrency Market

Singapore has emerged as a key player in the global cryptocurrency market, with its government actively promoting the adoption of blockchain technology. The country’s favorable regulatory environment and supportive business ecosystem have attracted a growing number of blockchain and cryptocurrency companies to establish a presence in the city-state.

According to a recent report by PwC, Singapore has become a hub for blockchain startups, with over 200 such companies operating in the country. The report also highlights the country’s strong focus on innovation and its commitment to developing a robust regulatory framework for the cryptocurrency industry.

Related:Tether Unveils Mining Software to Boost Efficiency, Capacity


The Payment Services license granted by MAS is a significant step forward for, as it expands its reach in the Asia-Pacific region and strengthens its position in the rapidly evolving cryptocurrency market. With Singapore emerging as a key player in the global blockchain and cryptocurrency industry, the company’s continued expansion in the country is likely to drive further growth and innovation in the sector.

Official Accounts

Official Telegram Channel:
Official Instagram Account:
Official Twitter Account:

Related Articles

Understanding ERC-223 Tokens: A Safer Approach to Gas Fees and Enhanced Security

Dive into the world of ERC-223 tokens, offering enhanced security and efficient gas fee management in blockchain transactions. Learn how they safeguard against loss in unsupported...

What is ERC-6551: the Future of NFTs

Discover ERC-6551, a transformative standard in the NFT landscape, enhancing asset ownership, social identity, and enabling autonomous actions...

The Power of Trustless Smart Contracts and Optimism Layer Two: Insights from Perpetual Protocol Co-founder

Explore the transformative power of trustless smart contracts, DeFi innovations, and the Arbitrage Vault. Learn about Optimism Layer Two and Perpetual Protocol's...
You have not selected any currencies to display