Digital Assets

Luno Secures MAS’ In-Principle Approval to Offer Crypto Services

Global cryptocurrency company Luno has been granted in-principle approval from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) to provide Digital Payment Token (DPT) services in Singapore. MAS has granted in-principle approvals to Coinhako, Hodlnaut, Paxos, Digital

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Revolut Singapore’s Customers Will Soon Be Able to Trade Crypto Within the App

Challenger bank Revolut has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate a fully regulated cryptocurrency service, along with merchant acquiring services. Revolut Technologies Singapore (RTS) is already licensed as a Major Payment Institution (MPI) in

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MAS to Take Action Against Crypto Exchanges Who Bypass Russia Sanctions

The financial measures that were imposed by the Singapore Government in relation to Russia applies to all financial institutions in the country, including digital payment token (DPT) service providers, according to a Parliamentary reply yesterday. Tharman Shanmugaratnam, Senior Minister and

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FOMO Pay Partners With Circle to Integrate USD Coin Into Its Services

Singapore-based major payment institution FOMO Pay has entered into a strategic agreement to collaborate with Circle Internet Financial, a global financial technology firm and sole issuer of USD Coin (USDC). FOMO Pay will integrate USDC into its services, allowing its

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Digital Treasures Center Gets In-Principle Approval for Digital Payment Token Services

The Monetary Authority of Singapore (MAS) has granted in-principle approval to Digital Treasures Center (DTC), a payment company based on distributed ledger technology. With a license under the Payment Services Act to offer Digital Payment Token services, DTC will be

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Hodlnaut Gets MAS’ In-Principle Approval for Digital Payment Tokens Services

Cryptocurrency platform Hodlnaut announced that it has received in-principle approvals from the Monetary Authority of Singapore (MAS) to be a Major Payment Institution License under the Payment Services Act. Hodlnaut currently offers two digital payment tokens (DPT) services, namely its

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Paxos Secures MAS’ In-Principle Approval for Digital Payment Tokens Services

Paxos, a regulated blockchain infrastructure platform, announced it has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate digital payments token services under the Payment Services Act. With this license, Paxos is now able to offer its

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Sygnum Singapore Gets In-Principle Approvals to Expand Digital Asset Offerings

Sygnum, the digital asset technology group based in Singapore and Switzerland, has received in-principle approvals from the Monetary Authority of Singapore to expand its digital asset product offerings. The company already has an existing Capital Markets Services (CMS) license and

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Digital Asset Asset Exchange ECXX Graduates from MAS’ Sandbox

Digital asset exchange ECXX announced today that it has graduated from Sandbox Express under the Monetary Authority of Singapore’s (“MAS”) Fintech Regulatory Sandbox Framework with the Recognised Market Operator(“RMO”) license with effect from 1 January 2022. ECXX successfully entered the

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SBI-Sygnum-Azimut Digital Asset Fund Makes its First Investment Into Coinhako

The SBI-Sygnum-Azimut Digital Asset Opportunity (DAO) fund announced that it has made its first investment into Singaporean cryptocurrency platform Coinhako. Japanese financial group SBI Holdings, Swiss-based digital asset bank Sygnum, and European asset manager Azimut Group had jointly launched the

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