Crypto exchange Crypto.com announced it had been granted a Major Payment Institution license (MPI) for Digital Payment Token (DPT) services from Singapore’s MAS.
On Thursday, Singapore-based cryptocurrency exchange Crypto.com announced that it received its Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).
We’re excited to share our latest regulatory achievement in one of the world’s leading crypto hubs, #Singapore 🇸🇬https://t.co/vCNztATSCO has been granted the Major Payment Institution Licence by The Monetary Authority of Singapore @MAS_sg Learn more:https://t.co/4PwkuGgsnr pic.twitter.com/AklwjP2Z4C
— Crypto.com (@cryptocom) June 1, 2023
In a press release, company CEO Kris Marszalek said:
The Monetary Authority of Singapore is recognized globally as a regulator that ensures responsible innovation of the digital assets sector. We are proud to receive the licence from a regulator that prioritizes consumer protection, safety, and securi
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