Exciting news for cryptocurrency enthusiasts in Singapore! Crypto.com receives approval from Singapore\'s financial watchdog, the Monetary Authority of Singapore (MAS), marking a significant milestone for the platform\'s expansion in the region.

Crypto.com Secures Key Approval in Singapore

The leading digital asset exchange – CryptoCom – received in-principle approval from the Monetary Authority of Singapore to provide a variety of payment services within the Asian city Singapore. This allows Crypto.com to offer a broader range of services to its Singaporean users, further solidifying its presence in the competitive Asian market.

J – Crypto.com, the world’s fastest growing cryptocurrency platform, announced today that it has received in-principle approval from the Monetary Authority of MAS. This approval signifies that Crypto.com meets the stringent regulatory requirements set by the MAS, ensuring a secure and compliant platform for users.

What This Means for Crypto.com and Singapore

Crypto.com received approval from the Monetary Authority of Singapore to function and provide its services. This license will empower Crypto.com to offer regulated Digital Payment Token (DPT) services, contributing to the growth of the cryptocurrency ecosystem in Singapore.

Three further in-principle approvals have been given by Singapore for its highly innovative approach to digital asset services. Crypto.com has now received its Major Payment Institution (MPI) licence for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS).

Crypto.com Can Now Operate in Singapore

Today, the exchange announced receiving a license from the central bank and the financial regulator, the MAS. This license signifies the end of the in-principle approval phase and allows Crypto.com to fully operate and provide its services within Singapore. The license will enable Crypto.com to offer a full suite of crypto services in a regulated environment, fostering trust and confidence among users.