Coinbase Gets Major Payment Institution License in Singapore

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By Ronnie Harui

SINGAPORE–Coinbase Global has obtained a major payment institution license from the Monetary Authority of Singapore, which would enable the crypto exchange to expand its digital-payment token services to individuals and institutions in the city state.

This comes after an initial in-principle approval and strengthens its commitment to the Singapore market, Coinbase said in a blog post. The crypto exchange received initial in-principle approval from MAS in October 2022.

Write to Ronnie Harui at [email protected]

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