The post Upbit’s Singapore Exchange Gets Preliminary Nod From MAS appeared first on Coinpedia Fintech News
Upbit, the largest cryptocurrency exchange start-up in South Korea, has announced that its Singapore branch is now ready to take off. It can build its Singapore branch after receiving registration approval from the Monetary Authority of Singapore, MAS.
What To Know About Upbit Singapore’s Authorization
On Monday, Upbit Singapore said that the Monetary Authority of Singapore (MAS) had given its application for a significant payment institution license under the Payment Services Act, which regulates cryptocurrency players, with preliminary approval.
Upbit Singapore Pte Ltd., a wholly owned subsidiary of Upbit APAC Pte Ltd. As the holding company, Upbit APAC runs VerifyVASP Pte. Ltd., the largest provider of Travel Rule solutions for digital assets, Upbit Exchange (Thailand) Co., Ltd., a regulated digital asset exchange and broker under the Thailand SEC and PT. Upbit Exchan
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