Cryptocurrency Q&A
How many in-principle approvals have been issued to cryptocurrencies in Singapore?
How many in-principle approvals have been issued to cryptocurrencies in Singapore?
Giulia
Wed Jul 17 2024
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5 answers
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In Singapore, the regulatory landscape for cryptocurrencies has been evolving rapidly. As a finance and cryptocurrency professional, I'm curious to understand the extent of the regulatory framework's acceptance of these digital assets. Could you please elaborate on the number of in-principle approvals that have been granted to cryptocurrencies in Singapore? This information would provide valuable insights into the regulatory stance and potential opportunities for further growth in this space.
5 answers
EtherWhale
Fri Jul 19 2024
The Monetary Authority of Singapore (MAS) has recently granted in-principle approvals to three additional cryptocurrency firms, namely Crypto.com, Genesis, and Sparrow.
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ThunderBreezeHarmony
Fri Jul 19 2024
This announcement, made on June 22nd, Wednesday, signifies the increasing regulatory recognition of the cryptocurrency industry in Singapore.
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SakuraBloom
Fri Jul 19 2024
The three newly approved firms bring the total count of licences and in-principle approvals issued to digital payment token service providers in the past two years to 14.
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HanRiverWave
Fri Jul 19 2024
The approvals reflect MAS' commitment to fostering a responsible and sustainable cryptocurrency ecosystem in Singapore, while ensuring compliance with regulatory standards.
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WhisperInfinity
Thu Jul 18 2024
Among the various cryptocurrency exchanges operating globally, BTCC, a UK-based platform, stands out for its comprehensive services. BTCC offers a range of products including spot trading, futures contracts, and digital wallets.
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