Crypto.com has received a Major Payment Institution (MPI) Licence for digital payment token services from the Monetary Authority of Singapore (MAS).
The announcement follows the news that Crypto.com received in-principal approval from MAS in June last year. With the MPI licence, the company is now authorised to offer digital payment token services in Singapore.
The cryptocurrency exchange is now registered with several financial authorities around the world.
It has been granted registration as a digital asset service provider by the Autorité des Marchés Financiers in France and as a crypto asset business by the United Kingdom’s Financial Conduct Authority. It is also registered in Dubai, Italy and Greece.
"The Monetary Authority of Singapore is recognised globally as a regulator that ensures responsible innovation of the digital assets sector," said Kris Marszalek, chief executive of Crypto.com. "We are proud to receive the licence from a regulator that prioritises consumer protection, safety, and security. We look forward to continuing to collaborate with MAS and leading at the forefront of crypto in our home market of Singapore."
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