简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:With the help of this approval, the crypto exchange company will be bringing its payment services within the Payment Services Act.
Crypto.com achieved the regulatory go-ahead in Singapore.
The exchange will also bring its Digital Payment Token (DPT) services to customers in Singapore.
Crypto.coms Cronos has been consolidated for more than a week now.
Expanding to every major part of the world, Crypto.com
Cronos
$0.1166
+0.003099 (+2.73%)
has achieved approval from the Monetary Authority of Singapore (MAS) as well today.
Thus once the crypto exchange company gets a hold of its Major Payment Institution License, it will be bringing its services to the country.
Through this license, Crypto.com will be able to offer a range of payment services within the Payment Services Act including Digital Payment Token (DPT) services to customers in Singapore.
Commenting on the approval, the Co-Founder and CEO of Crypto.com, Kris Marszalek, said,
“The Monetary Authority of Singapore sets a high regulatory bar that cultivates innovation while protecting consumers, and their in-principle approval of our application reflects the trusted and secure platform we have worked diligently to build. We look forward to continuing to collaborate with the MAS and deepening our roots in Singapore – a flourishing market for fintech innovation, renowned for its well-regulated business environment.”
This will be the second major country Crypto.com will be gaining access to after it recently received provisional approval of its Virtual Asset MVP License from the Dubai Virtual Assets Regulatory Authority (VARA).
With more than 50 million customers around the world, Crypto.com has one of the fastest-growing networks in the world, and by adding more countries to its network, Crypto.com is making it stronger further.
The growth, while limited, is limited only to Crypto.com‘s native token, Cronos (CRO). Facing the bearishness of the market along with the rest of the altcoin, CRO declined by almost 42% this month alone. Currently trading at $0.1143, CRO hasn’t been showing signs of recovery as a sign as it did of a downfall.
Although at the time of writing, there is slight bullishness visible on the MACD indicator thanks to the appearance of green bars, it is doubtful whether that would be enough to counter the broader market bearish cues.
Thus while Crypto.com heads on to plant posts in another country, CRO will remain consolidated until enough external factors trigger a rise.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
With the rapid growth of the global multi-asset investment market, the disparities in the forex industry across different regions have become increasingly evident. As a forex broker information service platform operating in over 180 countries and regions, WikiFX is committed to helping investors in each region identify reliable brokers. Therefore, WikiFX launched a new series — Close Up with WikiFX, which offers in-depth interviews with local brokers. Leveraging WikiFXs robust big data system and industry insights, the series aims to help investors gain a deeper understanding of high-quality brokers.
Is AMarkets legally licensed? Discover the truth about AMarkets’ regulation, licensing status, and compliance before you start trading with this broker.
There are many brokers that offer too many promotions. Have you ever wondered why they do this? This Could be the story of Markets.com. Before you choose Markets.com, read about the hidden risks they never openly talk about.
An indictment was leveled against two men in the District of Puerto Rico for their alleged involvement in the operation and promotion of OmegaPro, an international investment scheme that has led to financial losses worth over $650 million for investors. Check more about this story