BHEX.SG Licensed by MAS to Offer Crypto Services in Singaporeby Fintech News Singapore August 22, 2022
Bhop Consulting Pte Ltd trading as Singapore-based crypto exchange BHEX.SG, announced that it has received the Standard Payment Institution license from the Monetary Authority of Singapore (MAS).
The granting of the Standard Payment Institution license will enable BHEX.SG to offer Digital Payment Token (DPT) services to customers in Singapore.
BHEX.SG has partnered with licensed service providers in the global market aiming to focus and better serve institutional investors, family offices, accredited and high net worth investors rather than the retail investors, as this crypto field is still volatile for the retail segment.
According to BHEX.SG, it has not experienced any system accidents or fraud incidents in the past few cryptocurrency cycles since it was founded in 2018.
The firm said that it has made continuous upgrades of system infrastructure and implementation of security risk managements to mitigate any possible new threats and meet the growing demands of the industry.
Tyler Wu GuanLi, CEO of BHEX.SG said,
“Compliance is an essential element in the digital asset industry and BHEXSG is committed to being a fully compliant service provider to protect our customers.
Future opportunities in the industry belong to companies that practice these values.”