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.
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MAS provided the exchange with initial in-principal approval in October 2023, and Upbit has been actively engaged in Singapore since 2018.
Upbit Singapore gains a pivotal MPI license, marking a significant stride in regulatory-compliant digital asset trading in Singapore.
Upbit, a major South Korean crypto exchange, now supports ASTR, leading to a notable rise in its value.
This approval allows Upbit Singapore to continue providing regulated Digital Payment Token (DPT) services to institutional investors while awaiting the full licence.
South Korean crypto exchange Upbit granted initial licence approval from the MAS for a major payment institution licence under the Payment Services Act.
Upbit fortifies security measures after enduring 159,000 network attacks in response to escalating threats.
This figure was disclosed by Dunamu, the operator of Upbit, to Park Sung-jung, a member of the National Assembly's Science, Technology, Information, Broadcasting and Communication Committee today.
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.
The Singapore High Court arrived at this verdict during a lawsuit in which Bybit sued a former employee.