Ripple Secures In-Principle Regulatory Approval in Singapore
The Monetary Authority of Singapore has granted Ripple In-Principle Approval of a Major Payments Institution Licence, allowing Ripple Markets APAC Pte Ltd to offer regulated digital payment token products and services in the region. The approval "sets Ripple well on its way" to scaling crypto-enabled payments in Singapore and the wider APAC region, a Ripple statement read.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Ripple Secures In-Principle Regulatory Approval in Singapore
The Monetary Authority of Singapore has granted Ripple In-Principle Approval of a Major Payments Institution Licence, allowing Ripple Markets APAC Pte Ltd to offer regulated digital payment token products and services in the region. The approval "sets Ripple well on its way" to scaling crypto-enabled payments in Singapore and the wider APAC region, a Ripple statement read.