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Crypto firm Ripple secures Singapore payments licence

Posted on AllSides October 3rd, 2023
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SINGAPORE, Oct 4 (Reuters) - Cryptocurrency firm Ripple said on Wednesday its Singapore subsidiary has secured a payments licence to operate in the city-state without transaction thresholds. The licence, granted by the Monetary Authority of Singapore (MAS), will allow Ripple to provide regulated digital payment token services. It had received initial approval in June. It is one of 14 companies that are licensed to offer digital payment token services in Singapore. Others include the Singapore arm of Coinbase , the world's largest listed crypto exchange, as well as the Singapore...

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https://reuters.com/business/finance/crypto-firm-ripple-secures-singapore-payments-licence-2023-10-04

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