Crypto.com obtains digital token license in Singapore

Cryptocurrency exchange Crypto.com successfully completed its licensing procedure in Singapore, a process they initiated in June of the previous year.

Crypto.com announced that it has received a license from the Monetary Authority of Singapore (MAS) for the Major Payment Institution (MPI), allowing it to provide services with Digital Payment Token (DPT).

Kris Marszalek, the CEO of the Singapore exchange, emphasized, “The Monetary Authority of Singapore is recognized globally as a regulator that ensures responsible innovation of the digital assets sector.”

Read more at the link: https://www.coindesk.com/policy/2023/06/01/cryptocom-receives-digital-token-license-in-singapore/?outputType=amp