Tag: Singapore
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Currencycloud receives in-principle approval in Singapore
Exciting news for Currencycloud as they recently announced that they have received in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a remittance business in Singapore. This approval marks a significant milestone for Currencycloud as it expands its global footprint and establishes a presence in the thriving Asian market. With Singapore being…
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Revolut introduces Mobile Wallets in Singapore
Revolut, the popular fintech company known for its innovative banking solutions, has officially launched its mobile wallets in Singapore. With the introduction of mobile wallets in Singapore, Revolut users can now enjoy seamless and secure digital payments on their smartphones. The mobile wallets feature state-of-the-art security measures to protect users’ financial information and transactions. Revolut…
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HitPay to secure MPI licence in Singapore
HitPay, a leading payment solutions provider, announced today that they are in the process of securing a Major Payment Institution (MPI) licence in Singapore. The MPI licence will allow HitPay to provide a wider range of payment services to their customers in Singapore, including cross-border transactions and currency exchange services. “Securing the MPI licence in…
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BitGo receives in principle approval to operate in Singapore
Singapore – BitGo, the leading blockchain security and digital asset custody company, has recently announced that they have received in principle approval from the Monetary Authority of Singapore (MAS) to operate as a regulated provider for digital payment token services. This approval makes BitGo one of the first companies to be granted such a…
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Upbit Singapore gets MPI licence from the MAS
Upbit, the South Korean cryptocurrency exchange, has been granted the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This regulatory approval marks a significant milestone for Upbit’s expansion into the Singaporean market. What is an MPI license? An MPI license allows a company to provide e-money issuance, domestic and cross-border money…
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Worldline Group’s subsidiary secures a payment licence in Singapore
Worldline Group, a leading provider of payment and transactional services, announced that its subsidiary has successfully secured a payment licence in Singapore. This milestone achievement further solidifies the company’s expansion and commitment to the Southeast Asian market. With this licence, Worldline Group’s subsidiary is now authorized to provide a wide range of financial services and…
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Sumsub enters the Singapore FinTech Association
Sumsub, a leading provider of identity verification and compliance solutions, is excited to announce its entry into the Singapore FinTech Association (SFA). This marks an important milestone for Sumsub as it strengthens its presence in the rapidly growing fintech ecosystem of Singapore. The SFA, established in 2017, is a non-profit organization that…
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Singapore and China expand financial cooperation
Singapore and China Expand Financial Cooperation Singapore and China have recently announced an expansion of their financial cooperation, marking a significant milestone for the two nations. Both Singapore and China have long recognized the importance of strong financial ties to maintain economic stability and drive growth in the region. This new collaboration…
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Singapore Central Bank to tighten crypto speculation rules, eases investment qualifications
Singapore Central Bank to Tighten Crypto Speculation Rules, Eases Investment Qualifications The Monetary Authority of Singapore (MAS), the country’s central bank and financial regulatory authority, has announced new measures to tighten regulations surrounding cryptocurrency speculation while simultanesously relaxing investment qualifications for individuals. The move comes amidst increasing concerns about the potential risks associated with digital…
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Indonesia, Singapore launch cross-border QR payment linkage
Indonesia, Singapore Launch Cross-Border QR Payment Linkage Indonesia and Singapore have joined forces to launch a groundbreaking cross-border QR payment linkage aimed at providing seamless and convenient payment options for businesses and consumers in both countries. Revolutionizing Payments This innovative partnership between Indonesia and Singapore aims…
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Singapore, Japan, Switzerland, and the UK to work on joint crypto initiatives
Singapore, Japan, Switzerland, and the UK The four countries have recently announced their collaboration on various crypto initiatives, aiming to foster innovation and regulatory development in the ever-expanding cryptocurrency industry. With their considerable experiences and expertise in the financial sector, this partnership seeks to strengthen their positions as global leaders in embracing digital currencies. The…
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UBS Asset Management launches blockchain VCC fund pilot in Singapore
UBS Asset Management, one of the world’s largest and most trusted financial institutions, has announced the launch of its blockchain Variable Capital Company (VCC) fund pilot in Singapore. This move showcases UBS Asset Management’s commitment to exploring innovative technologies to enhance the efficiency and transparency of its investment offerings. The VCC fund pilot will leverage…
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Rapyd expands card acquiring solution to Singapore
Rapyd, a leading global fintech company, has announced the expansion of its card acquiring solution to Singapore. This move is part of the company’s efforts to strengthen its presence in Southeast Asia and offer innovative payment solutions to businesses and consumers in the region. The card acquiring solution provided by Rapyd enables businesses to accept…
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Standard Chartered subsidiary Zodia Custody launches in Singapore
Singapore, January 1, 2023 – Standard Chartered, a globally recognized banking and financial services company, has officially launched its subsidiary, Zodia Custody, in Singapore. This move aims to provide comprehensive digital asset custody services to institutional investors, family offices, and asset managers in the region. Zodia Custody offers secure storage solutions for cryptocurrencies and other…