The crypto platform received the green light
The popular crypto platform Crypto.com has gotten the principal approval from Singapore’s main market regulator for a Major Payment Institution License. The license was granted by the MAS or Monetary Authority of Singapore and it enables companies the right to offer different payment services that follow rules within the Payment Services Act including digital payment tokens to customers of Singapore.
Kris Marszalek, co-founder, and CEO spoke about his enthusiasm and excitement of deepening the roots of the company in the move to Singapore. He spoke on how the flourishing FinTech market and well-regulated business practices of Singapore were a great fit for the company. Marszalek believes that the Monetary Authority of Singapore sets a high bar that not only cultivates innovation but protects consumers as well.
Things for Crypto.com have been going quite well as the company continues its positive forward momentum recently receiving provisional approval of its Virtual Asset MVP License from regulators in Dubai, this means that once the license is fully granted then trades in Dubai can begin as well.