Odaily Planet Daily News Sygnum Singapore, a subsidiary of cryptocurrency bank Sygnum, has obtained a major payment institution license in Singapore to provide crypto brokerage services to qualified investors and institutions in Singapore.
On October 3, Sygnum Singapore announced that it had obtained a license from the Monetary Authority of Singapore. A spokesperson for Sygnum Singapore said that the company moved from in-principle approval to full license within four months.
In addition, the spokesperson said that the company plans to expand its regulated products to Asia-Pacific markets, such as Hong Kong and other regions. (Cointelegraph)