“This license enhances our service offering for customers in Singapore by enabling us to provide additional payment solutions, including international money transfers through direct card payouts.”
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London-based money transfer firm TerraPay has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS), allowing it to expand its financial services in the country.
iSAM Securities strengthens its foothold in the APAC market through a strategic partnership with PrimeXM and integration with Singapore XCore platform, aiming to offer enhanced trading solutions to clients in the region.
The Monetary Authority of Singapore (MAS) has issued guidelines aimed at enhancing consumer protection for users of digital payment token (DPT) services.
“COSMIC will enable FIs to warn each other of suspicious activities and make more informed risk assessments on a timely basis. It complements the industry’s existing close collaboration with MAS and law enforcement authorities to combat financial crime. This will strengthen Singapore’s capabilities to uphold our reputation as a well-regulated and trusted financial centre.”
Doo Capital Market SG Pte. Ltd. (DCM), a subsidiary of financial services provider Doo Group, has been granted a Capital Markets Services (CMS) license by the Monetary Authority of Singapore (MAS).
As the Forex market in Singapore continues to attract an increasing number of investors and traders, selecting a reliable and trustworthy Forex broker becomes crucial for individuals navigating the dynamic world of currency trading.
“Regulatory compliance is a core aspect of our CeFi business strategy as we build locally, and we are supportive of the Monetary Authority of Singapore’s world-leading framework, which aims to safeguard consumers by upholding market integrity and security.”
“Fortifying our presence in APAC underscores our commitment to providing unparalleled support to our clients in the region. By leveraging our extensive experience, SteelEye’s market-leading trade and communications surveillance solutions are ideally placed to enable financial firms operating in APAC to meet their regulatory obligations effectively.”
“The payments opportunity in Asia-Pacific is significant, and Singapore’s excellent infrastructure, world-class regulatory system, and strategic geographical location serve as an ideal base for accelerating future payments innovation across the region.”
Bitstamp’s focus on the Asia Pacific, with Singapore as its hub, reflects confidence in its service offerings to both institutional and retail customers in the region.
British fintech firm Revolut has broadened its array of services with the introduction of the “Mobile Wallets” feature in Singapore, facilitating direct money transfers to Bangladesh and Kenya.
“By providing access to key financial markets in Mainland China, Hong Kong, the US, and Singapore, we hope to offer our clients in Singapore enhanced flexibility across their investment portfolios, ultimately empowering investors to build a globally diverse portfolio.”
“At Vantage, our commitment to excellence has been unwavering. The expansion of our CFD products offering on indices reinforces our dedication to providing traders with a reliable and comprehensive trading experience that sets us apart from the competition.”
BitGo, a U.S.-based wallet infrastructure provider and digital asset custodian, has received in-principle approval for a Major Payment Institution license from Singapore’s Monetary Authority of Singapore (MAS).
“My job is to implement our overarching business strategy, fostering a shared understanding of our vision within the team, and actively exploring both significant and minor opportunities to improve our business and offering. This ensures our continuous commitment to elevating and catering to the trading and investment needs of our valued customers.”
“The main motivation was to create a fair, orderly and transparent venue through which institutions can transact with confidence; that helps them realise the benefits of digital assets and crypto, while helping to minimise the downside risk. By putting regulation and rigorous governance at the forefront, we’re providing institutional investors with a safe venue for exposure to digital assets in this region.”
“Upbit Singapore is poised to be the nexus of institutional activities, capitalizing on Singapore’s robust regulatory framework and its reputation as a leading financial center in Asia. This license marks an important step for us to serve institutional and retail clients with cutting-edge digital asset solutions contributing to Singapore’s thriving digital ecosystem.”
Worldcoin – founded by OpenAI CEO Sam Altman – has expanded its identity verification services to Singapore, following a pause on its operations in India. The company announced in a blog post that its scanning orbs are now available at five locations in the city-state.
