Monetary Authority of Singapore (MAS)
Singapore Updates Payment Services Act to Include Token Custody & Transfers
In a recent development, the Monetary Authority of Singapore (MAS) has announced significant amendments to the nation’s Payment Services Act (PS Act) aimed at broadening the regulatory framework surrounding digital payment token (DPT) service providers. MAS Expands Regulatory Oversight On April 2, Singapore’s central bank said it would bring several activities within the scope of the […]
HashKey OTC Secures Major Payment Institution License
In a historic event for the cryptocurrency sector, Hong Kong-based HashKey Group’s over-the-counter division, HashKey OTC, has received a Major Payment Institution license from the Monetary Authority of Singapore (MAS). Announced on February 28, this crucial milestone brings to light the crypto industry’s renewed emphasis on regulatory compliance, given global regulatory scrutiny during this period. HashKey […]
Upbit’s Singapore Triumph: Major Step in Crypto Expansion
Upbit, the South Korean cryptocurrency exchange, has made a significant stride in its global expansion plans with the recent in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This pivotal regulatory development positions Singapore as a key hub for Upbit’s international operations. Upbit’s parent company, Dunamu, expressed its […]