Upbit Singapore Secures Major Payment Institution License from Monetary Authority of Singapore
MAS provided the exchange with initial in-principal approval in October 2023, and Upbit has been actively engaged in Singapore since 2018.

MAS provided the exchange with initial in-principal approval in October 2023, and Upbit has been actively engaged in Singapore since 2018.
South Korean crypto exchange Upbit granted initial licence approval from the MAS for a major payment institution licence under the Payment Services Act.
Other assets also include 76 million in cash, 294 luxury bags, 546 pieces of jewellery, 68 gold bars, as well as other electronic devices, watches, properties, and vehicles.
Notable figures in the industry, including Cynthia Wu (Co-founder & COO, Matrixport), Lennix Lai (Global Chief Commercial Officer, OKX), and Hassan Ahmed (Country Director of Singapore, Coinbase), will discuss the practical use of digital currencies for institutions, cross-border merchants, small business owners, and consumers.
Two candidates have already made clear their stances on crypto.
The Monetary Authority of Singapore (MAS) has revealed a new regulatory framework that will focus on maintaining a consistent value for stablecoins, bolstered by feedback from a public consultation held in October 2022.
Singapore Red Cross has ventured into the realm of cryptocurrency donations, in collaboration with Triple-A, a crypto payment gateway sanctioned by the Monetary Authority of Singapore (MAS).
The Singapore High Court arrived at this verdict during a lawsuit in which Bybit sued a former employee.
Find out what highlights the summit entails.