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.
South Korean cryptocurrency exchange Upbit secures full licensing from Singapore's regulatory authority, expanding its crypto services in the region. This milestone marks Upbit's leap towards enhanced offerings and market growth in Singapore's dynamic crypto landscape.
Upbit achieves regulatory success in Singapore, securing an MPI license to expand crypto services. Singapore's clear regulatory framework cements its status as a global crypto hub. Despite this win, challenges in the evolving regulatory environment may impact future operations.
Upbit Singapore gains a pivotal MPI license, marking a significant stride in regulatory-compliant digital asset trading in Singapore.
South Korean crypto exchange Upbit granted initial licence approval from the MAS for a major payment institution licence under the Payment Services Act.
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