This regulatory nod enables the firm to offer digital payment token services within one of the world’s most progressive regulatory frameworks for digital assets.
Browsing: Monetary Authority of Singapore
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The MPI License will allow OKX to provide digital payment token and cross-border money transfer services in Singapore.
Explore Why Global Banking Leaders Predict a Shift to Regulated Digital Currencies: Insights from the Central Banks of Singapore and India.
Jing’s vision for Ant Group focuses on leveraging technology for international expansion, with a strong emphasis on compliance and local collaboration, aiming to redefine global fintech and digital economy landscapes.
Brad Garlinghouse, the CEO of Ripple, emphasized the strategic importance of Singapore in the company’s global operations.
This license enables Ripple to offer regulated digital payment token products and services in Singapore and expand the adoption of its crypto-enabled cross-border payment.