The Financial Authority of Singapore (MAS) has
formally granted Upbit Singapore a Main Fee Establishment (MPI) license,
marking a pivotal development in its dedication to complying with the Fee
Providers Act 2019.
Alex Kim, the Founder and CEO of Upbit Singapore,
talked about: “Singapore has emerged as a worldwide hub for digital asset
innovation, and its significance for institutional enterprise can’t be overstated.
Upbit Singapore is poised to be the nexus of institutional actions,
capitalizing on Singapore’s strong regulatory framework and its fame as a
main monetary heart in Asia.
“This license marks an vital step for us to
serve institutional and retail shoppers with cutting-edge digital asset
options contributing to Singapore’s thriving digital ecosystem.”
This milestone locations Upbit Singapore, a subsidiary
of Upbit APAC, inside the purview of the worldwide digital asset group. Upbit APAC
oversees regulated digital asset exchanges in Singapore, Indonesia, and
Thailand.
Preserve Studying
Upbit Singapore’s attainment of the MPI license from
MAS represents not only a regulatory triumph however a major leap towards
facilitating the combination of digital belongings inside the institutional finance
panorama.
Count on ongoing updates as this story evolves.
The Financial Authority of Singapore (MAS) has
formally granted Upbit Singapore a Main Fee Establishment (MPI) license,
marking a pivotal development in its dedication to complying with the Fee
Providers Act 2019.
Alex Kim, the Founder and CEO of Upbit Singapore,
talked about: “Singapore has emerged as a worldwide hub for digital asset
innovation, and its significance for institutional enterprise can’t be overstated.
Upbit Singapore is poised to be the nexus of institutional actions,
capitalizing on Singapore’s strong regulatory framework and its fame as a
main monetary heart in Asia.
“This license marks an vital step for us to
serve institutional and retail shoppers with cutting-edge digital asset
options contributing to Singapore’s thriving digital ecosystem.”
This milestone locations Upbit Singapore, a subsidiary
of Upbit APAC, inside the purview of the worldwide digital asset group. Upbit APAC
oversees regulated digital asset exchanges in Singapore, Indonesia, and
Thailand.
Preserve Studying
Upbit Singapore’s attainment of the MPI license from
MAS represents not only a regulatory triumph however a major leap towards
facilitating the combination of digital belongings inside the institutional finance
panorama.
Count on ongoing updates as this story evolves.
